• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

An embattled Jose Huizar revives Pershing Square redesign

Jose Huizar gave new details Monday on Pershing Square redesign (Credit: Getty Images and Wikipedia)
Jose Huizar gave new details Monday on Pershing Square redesign (Credit: Getty Images and Wikipedia)

Jose Huizar is back in the public eye, and so is his six-year-old plan to redesign the historic downtown Pershing Square park.

The embattled Los Angeles City Council member, whose office the FBI raided in late 2018 in a still unresolved pay-to-play probe, announced at a press conference Monday that $25 million – all in developer fees collected by the city Department of Parks and Recreation – will go toward the first phases of revamping a 154-year-old park that today stands surrounded by commercial skyscrapers.

Huizar says the redesign will create a “radical openness,” and he hopes a total of $110 million in developer fees can, eventually, go to realizing his vision of a Pershing Square park with restaurants, performance space, more trees, and no more concrete barriers.

There has not been much Pershing Square redesign news since 2016 when a nonprofit Huizar created called Pershing Square Renew held a park redesign competition, and selected France-headquartered Firm Agence Ter as its winner. Since then, the nonprofit quietly disbanded, and even Agence Ter wondered if the city still had any interest in a park they were picked to reimagine.

Huizar’s announcement Monday served as an admission that he could not find federal, state or private monies for the park, meaning a complete reliance on fees paid by developers.

“The idea was originally to apply for federal grants, state grants and private funding, but there was so much ambiguity in the grant process and raising money from the private sector, that we decided we can do this by public money,” Huizar said in an interview after the press conference.

The majority of said public money falls under the Quimby Act, a levy Huizar orchestrated the significant expansion of in 2016. Per the law, developers pay the city thousands of dollars by residential unit if the developer did not build green space to accompany the unit.

“The $25 million is there and it’s been authorized to spend on the park,” Huizar said. Huizar acknowledged, though, that the next $85 million is not banked, and may never be as it is, “based upon future political leadership.”

The council member, however, voiced optimism the money would come, because, “There is a strong enough downtown constituency watching this park.”

Park redesign construction will begin in “late 2020,” Huizar said with initial plans to increase shade by planting more trees as well as construction of a glass elevator connecting the park to an underground garage. Huizar hopes to complete construction from the earmarked $25 million by 2022. No timetable has been identified for full project completion.

Huizar has kept an arguably low profile since federal agents stormed into his office in November 2018 amid a probe into developers’ coziness with city hall. Companies that have since been served warrants in the probe are largely China-headquartered firms including Shenzhen New World Group.

After the raid, Huizar was stripped of his powerful position of Planning and Land Use Management committee chair by then-Council President Herb Wesson. Fifteen months since the raid neither Huizar, his staff members, or other city officials have been charged with a crime.

The post An embattled Jose Huizar revives Pershing Square redesign appeared first on The Real Deal Los Angeles.

Powered by WPeMatico

  • 03 February 2020
  • The Real Deal
  • Uncategorized
  •  Like
Zillow says new brokerage license in NY signals national aspirations →← Andreessen Horowitz leads funding round for self-storage startup
  • Recent Posts

    • Hoteliers sound the alarm on looming distress  May 24, 2025
    • Growth markets see retail boom even with tariff uncertainty May 24, 2025
    • Westchester resi project gets city OK after union drops objection May 23, 2025
    • WATCH: ‘Father of CMBS’ Ethan Penner to run for governor of California May 23, 2025
    • Fashion Island office fetches $756 psf May 23, 2025
  • Recent Comments

    • Archives

      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM