CITY PROPOSES USE FOR VAN NUYS SITE.Byline: Rick Orlov Daily News Staff Writer Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. officials Tuesday proposed revitalizing a 55-acre industrial sector near Van Nuys Airport Van Nuys Airport (IATA: VNY, ICAO: KVNY, FAA LID: VNY) is a public airport located in Van Nuys, California in the San Fernando Valley, within the Los Angeles city limits. by converting the vacant site into an industrial park. Mayor Richard Riordan Richard J. Riordan (born May 1, 1930) is a Republican politician from California, U.S. who served as the California Secretary of Education from 2003–2005 and as Mayor of Los Angeles from 1993–2001. Riordan ran for Governor of California unsuccessfully in 2002. and Councilman Joel Wachs Joel Wachs served for several terms as Los Angeles City Councilman for the 2nd district. He was first elected by defeating incumbent James B. Potter. While in office, Wachs chaired the Public Works Committee and vice-chair of the Environmental Quality & Waste Management said the plan to develop the land for 17 new businesses relies on $2 million from the U.S. Department of Commerce, to be matched with $3.2 million from the property owner, Kaiser-Marquardt Corp. The property at 16555 Saticoy St. is immediately west of the airport. Kaiser-Marquardt conducted military research there until about 10 years ago, aides to Wachs said. ``This effort will be a linchpin linch·pin or lynch·pin n. 1. A locking pin inserted in the end of a shaft, as in an axle, to prevent a wheel from slipping off. 2. for substantial economic progress in Van Nuys and the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. ,'' Wachs said. ``It will be a prime example of effective private and public sector cooperative enterprises aimed at attracting new businesses and industries to our local communities.'' Wachs said there has been interest in the property from entertainment, telecommunications and garment firms. Rather than selling the property in pieces, Kaiser-Marquardt officials approached the Mayor's Office about a possible industrial park development similar to what is occurring at the former GM assembly plant property in Van Nuys. Wachs said he and Kaiser-Marquardt officials will begin meeting with community groups to get their input as part of the pre-application process. The councilman said he expects that it will take up to six months to prepare the federal funding application and submit it to federal officials. |
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