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Joint plan sought for Wilshire Center, Koreatown.


Districts may be designated as a redevelopment zone

Wilshire Center and Koreatown are rarely perceived to have much in common in the minds of most Angelenos. Wilshire Center maintains a corporate image, home to high-rise office buildings and not much else. Koreatown, on the other hand, is a hodge-podge of small retail shops and restaurants.

So how is it that the Community Redevelopment Agency and the Los Angeles City Council The Los Angeles City Council is the governing body of the City of Los Angeles, California, United States.  came to decide to combine the areas for a possible redevelopment zone? Well, initially they didn't. Community groups representing both Koreatown and Wilshire Center made proposals to the CRA See Community Reinvestment Act.  after last year's riot to study the potential for redevelopment in the area. When it was discovered that the geographical boundaries for the study areas proposed by the two groups overlapped, the CRA decided to bring the two groups together to conduct a study about how to revitalize re·vi·tal·ize  
tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es
To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy.
 the economy of the combined area.

Now that both groups are working as a team, they are discovering that they have more in common than just geography.

"What is happening is that, as we are having more meetings, we are finding that there are more concerns that are common to both Koreatown and Wilshire Center," said Cooke Sunoo, project manager with the CRA. "They are beginning to feel that the future health of Wilshire Center and Koreatown are inextricably in·ex·tri·ca·ble  
adj.
1.
a. So intricate or entangled as to make escape impossible: an inextricable maze; an inextricable web of deceit.

b.
 linked."

Sunoo explained that office jobs on Wilshire Boulevard Wilshire Boulevard is one of the principal east-west arterial roads in Los Angeles, California, United States. It was named for H. Gaylord Wilshire (1861-1927), an Ohio native who made and lost fortunes in real estate, farming, and gold mining.  provide customers for many of the small businesses in the area. The small businesses, in turn, provide jobs for area residents.

Among the concerns that are now being addressed are access to the area, congestion The condition of a network when there is not enough bandwidth to support the current traffic load.

congestion - When the offered load of a data communication path exceeds the capacity.
 in and around the region, public transportation, cleanliness and safety.

The 11-member committee, which was formed in early September, hopes to have a comprehensive environmental impact study of the Wilshire Center/Koreatown area completed within 12 months. Two consulting firms, Katz Hollis and Keyser Marston, have been hired to undertake the study.

A total of $4.5 million has been allotted al·lot  
tr.v. al·lot·ted, al·lot·ting, al·lots
1. To parcel out; distribute or apportion: allotting land to homesteaders; allot blame.

2.
 for consulting firms to study riot-recovery programs. The Wilshire Center/Koreatown Community study will be only one of those studies. It is expected that the Wilshire Center/Koreatown study will be completed after similar studies are completed for the Crenshaw cren·shaw   also cran·shaw
n.
A variety of winter melon (Cucumis melo var. inodorus) having a greenish-yellow rind and sweet, usually salmon-pink flesh.



[Origin unknown.]
 and Broadway/Manchester areas.

The Wilshire Center/Koreatown study zone is a 1,720-acre area that is roughly bounded by Third Street on the north, 12th Street on the south, Hoover Street on the east and Western Avenue and Wilton Place on the west. It also includes the Vermont corridor.

Within this project zone fall two major public works public works
pl.n.
Construction projects, such as highways or dams, financed by public funds and constructed by a government for the benefit or use of the general public.

Noun 1.
 projects -- the Metro Rail Red Line and the Wilshire Stakeholders' "streetscape street·scape  
n.
1. An artistic representation of a street.

2. Surroundings composed of streets: the urban streetscape. 
" improvements. But those major projects are not expected to be affected by the results of the study being conducted by the Wilshire Center/Koreatown Community Advisory Committee.

The naming of a committee to discuss the mutual needs of two districts signals a recognition on the part of the CRA, City Council, Wilshire Center and Koreatown business and property owners, and residents that they all do have interests in common, and that those needs should be addressed simultaneously.

These districts were among the hardest hit by the riots of 1992. Koreatown's commercial center was ravaged rav·age  
v. rav·aged, rav·ag·ing, rav·ages

v.tr.
1. To bring heavy destruction on; devastate: A tornado ravaged the town.

2.
 by looters and suffered much structural damage due to fires. Many Koreatown businesses were destroyed and have yet to be rebuilt. And those still operating continue to struggle because many of their former patrons have left the Koreatown area. Making matters worse is that commercial financing remains virtually unobtainable for most Koreatown business owners.

Wilshire Center's commercial district was also damaged by the riot and its aftermath. The damage there has been of a different sort, however. While direct riot-related damages were less severe in Wilshire Center than in Koreatown, Wilshire Center has probably suffered more from the riot's aftermath. The deteriorating image of the area has led to an exodus of office and retail tenants. Several prime properties have been sitting idle in the Wilshire Center/Koreatown area, including sites of historical significance, such as the Ambassador Hotel and the Sheraton Towne House hotel.

Barbara Hoff, director of preservation issues for the Los Angeles Conservancy The Los Angeles Conservancy is the preeminent historic preservation organization in Los Angeles, California. It works to document, rescue and revitalize historic buildings, places and neighborhoods in the city. , said that the City Council's decision to look at options for revitalizing re·vi·tal·ize  
tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es
To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy.
 the Wilshire Center/Koreatown area may mean good news for the historic buildings there. Any party interested in buying historic buildings in the area would appreciate knowing that the city is considering doing something to upgrade the neighborhood, she said.

Richard McDermott, co-chairman of the Wilshire Center/Koreatown Community Advisory Committee and an architect with the Wilshire Center-based firm Daniel Mann Johnson & Mendenhall, said that the first task of the committee is to identify the common interests held by Koreatown's small businesses and the larger corporate tenants that populate To plug in chips or components into a printed circuit board. A fully populated board is one that contains all the devices it can hold.  Wilshire Center. Then ideas about what would mutually benefit both groups would be discussed.

Basically, two financing options are feasible for revitalizing the area, Sunoo said. The area could be considered for community development through loan programs administered by the Community Development Department, or it could be declared a redevelopment project area, in which case it would be eligible to receive CRA funding.
COPYRIGHT 1993 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Special Report: Quarterly Real Estate; urban redevelopment
Author:Hamashige, Hope
Publication:Los Angeles Business Journal
Date:Oct 25, 1993
Words:855
Previous Article:Political convention can be $200 million windfall to county. (Los Angeles County, California)
Next Article:Local architect develops plan for Crenshaw district. (Michael Anderson; ten-square-mile area in Los Angeles, California) (Special Report: Quarterly...
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