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City closes escrow on property along L.A. River

LOS ANGELES — Los Angeles leaders hailed the close of escrow March 3 on nearly 42 acres of property key to the city’s plan to revitalize the Los Angeles River.

The city paid the Union Pacific Railroad $59.3 million for the land alongside the river, called the Taylor Yard G2 plot, and estimates its development will cost $252 million, including the purchase price. The state has agreed to contribute $25 million.

“We’ve always considered G2 to be the crown jewel in our vision to revitalize the L.A. River, and that’s why I have been committed to fighting for the resources to finally return this land to the people of Los Angeles and the wildlife that call it home,” Mayor Eric Garcetti said.

“We got it done, and now this vast site can transform how Angelenos connect with the natural world —because it will allow for habitat restoration, and open more than a mile of direct access to the river for local communities that have been cut off from it for too long,” he said.

The Taylor Yard G2 acreage is on the east bank of the L.A. River in Cypress Park. Development of the plot will connect it to Rio de Los Angeles State Park and with the Bowtie parcel, another state park.

The plot is a side project connected to a possible $1.4 billion U.S. Army Corps of Engineers plan to revitalize 11 miles of river running through the Elysian Valley and return it to a more natural state.

“It has been a process to secure the G2 site in Council District 1, but we have finally done it” said Councilman Gil Cedillo, whose First District includes the land. “G2 is the most integral part of the L.A. River Revitalization Master Plan for Northeast L.A., for it is the only direct access point to the river from the communities in our district. It is the beginning of the future for the L.A. River as we imagine it.”

“I’ve been focused on revitalizing the L.A. River for the better part of a decade, including fighting for the $25 million budget allocation that made it possible for us to acquire this parcel,” state Senate President Pro Tem Kevin de León said. “We have a long way to go to realize our dream of a healthy L.A. River as a vibrant social and recreational center of our city, but today the future looks brighter than ever.”

“Today, Angelenos now own the largest available piece of property along our Los Angeles River,” City Councilman Mitch O’Farrell said. “Parcel G2 is a keystone for habitat restoration identified in our Los Angeles River Revitalization Master Plan, and I commend everyone involved for the tremendous lift to acquire this asset for all of Los Angeles to enjoy.”

The land is expected to take five to 10 years to develop before the public will get to use the space due to the significant environmental cleanup that will need to be done.

While city leaders celebrated the acquisition of the land, the future of the larger $1.4 billion revitalization plan is unclear. The council voted in 2013 to split the cost 50/50 with the Army Corps of Engineers, but the Army Corps has only agreed to pay 20 percent. There is also the looming threat by President Donald Trump to cut off federal funding to so-called “sanctuary cities,” which could end up applying to Los Angeles.

Los Angeles is expected to be a target because of the LAPD’s longstanding policy of not initiating contact with a person simply to determine their immigration status, and other stances city leaders are taking to oppose Trump.

 

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