PACOIMA PROJECT GETS CASH GRANT REDEVELOPMENT SHOULD BEGIN IN '03.Byline: Bill Hillburg Washington Bureau WASHINGTON - Plans to redevelop a blighted industrial site in Pacoima received a major boost Friday when the Department of Housing and Urban Development announced a $1.4 million grant and $7.4 million in low-interest loans for the 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. Community Redevelopment Agency's Pacoima Center project. The money, allocated under HUD's Brownfields Economic Development Initiative, will be used by the CRA See Community Reinvestment Act. to clean up and redevelop a 24-acre site at Paxton Street and Sutter Avenue that formerly housed the Price Pfister Price Pfister is an American manufacturer of faucets and other plumbing products since 1915. It is known most by its odd name, and its advertisements which make note of its "pfaucet with a pfunny name". faucet factory. ``This is great news and a major advance for the project,'' said Steve Andrews, the CRA's chief of strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. . ``When Price Pfister closed, it was a huge blow to Pacoima and hundreds of jobs were lost in one of the poorest areas of the Valley.'' Price Pfister, which opened in Pacoima in 1960, began shifting manufacturing to Mexico in the mid-1990s and closed the facility in 2000. Andrews said the site contains a number of contaminants resulting from Price Pfister's operations and previous industrial activities at the site. CRA's plans for Pacoima Center include a Lowe's home improvement store, a supermarket, other retail spaces and a refurbished industrial park. Andrews said that, with the HUD Hud (h  d), a pre-Qur'anic prophet of Islam. Hud unsuccessfully exhorted his South Arabian people, the Ad, to worship the One God. funds now in hand, the agency hopes to break ground on the project by late next year. The Pacoima allocation was among $25 million in grants and $98.8 million in loans announced by HUD Secretary Mel Martinez
Melquíades Rafael "Mel" Martínez , who said the Brownfields effort ``is restoring hope to once-thriving communities.'' CRA's application for the HUD money was actively backed by Rep. Howard Berman Howard Lawrence "Howie" Berman (born April 15 1941) has been a Democratic member of the United States House of Representatives since 1983, representing the 28th District of California (map). , D-Mission Hills. The CRA previously received HUD Brownfields funding for Sunquest, a light-industry park that will be developed on the site of the closed Branford Landfill in Sun Valley. CAPTION(S): map Map: Redevelopment project site Daily News |
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