LA city Leaders break ground on San Pedro Waterfront project

The Port of Los Angeles is putting its best face forward.

A brand new waterfront revitalization project has broken ground in San Pedro, and with it comes restaurants and a full promenade.

Newly elected city councilman Joe Buscaino, whose district includes the Harbor area, compared the construction effort to another big project that broke ground a few years ago, L.A. Live.

“[L.A. Live]’s weeded out poverty,” insisted Buscaino. “It’s put people back to work and made the great downtown Los Angeles a destination.”

Buscaino joined Mayor Antonio Villaraigosa, U.S. Rep. Janice Hahn and others at the Port of Los Angeles as they tossed dirt with gold shovels, fire boats spouting water behind them.

Leaders say capital improvement investments worth over a billion dollars will bring more than an acre of waterfront real estate to life over the next several years. The plan will create about 20,000 jobs, many set aside for Angelenos in surrounding areas.

Councilman Buscaino said the project hits home.

“My dad worked the fishing boats, the docks, the Sea Queen, the Southern Monarch,” recalled Buscaino. “This is a port where I grew up as a kid.”

Leaders plan to choose a developer this summer. The $35 million project should be completed by 2014.

 

by: Corey Moore | Follow @KPCCcorey on Twitter

 

Every Tuesday look for more Local Real Estate News for the South Bay

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