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Cornfield Going Green.


The Cornfield, an abandoned downtown railroad yard that was slated for use as an industrial park, will be sold instead for public use as a park, low-cost housing and schools.

Officials with the nonprofit Trust for Public Land, said the group signed an option to purchase the 40-acre parcel near Chinatown from Majestic Realty Co. and Union Pacific railroad Union Pacific Railroad, transportation company chartered (1862) by Congress to build part of the nation's first transcontinental railroad line. Under terms of the Pacific Railroads Act, the Union Pacific was authorized to build a line westward from Omaha, Nebr.  for $30 million.

The trust expects the state to repurchase the property near the Los Angeles River The Los Angeles River is an intermittent river flowing through Los Angeles County, California, from Canoga Park in the west end of the San Fernando Valley, 51 miles (82 km) southeast to its mouth in Long Beach.  for creation of what would be the first sizable state park, open space and recreational complex in 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. .

The purchase agreement will apparently end a lawsuit by Friends of the Los Angeles River and the Chinatown Yards Alliance to block construction of the proposed $80-million industrial park.

The suit, filed in September, charged that city officials erred in not requiring Majestic, the industrial park's developer, to perform an environmental impact report on the land.

Dubbed dub 1  
tr.v. dubbed, dub·bing, dubs
1. To tap lightly on the shoulder by way of conferring knighthood.

2. To honor with a new title or description.

3.
 the Cornfield because corn was grown there during the 19th century, the parcel was one of 32 blighted properties earmarked by the city for development. 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.  supported development of the Cornfield as an industrial park, saying it would create 1,000 jobs.
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Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Los Angeles Business Journal
Geographic Code:1USA
Date:Mar 19, 2001
Words:196
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