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MCA UNVEILS PLANS TO MAKE LOS ANGELES AND UNIVERSAL CITY A PREMIERE ENTERTAINMENT AND TOURIST DESTINATION

 Riordan, Ferraro, Edelman Praise MCA for Announcing
 Start of Master Plan Process
 UNIVERSAL CITY, Calif., Sept. 30 /PRNewswire/ -- In a move expected to enhance Los Angeles' position as a major worldwide entertainment and tourist destination, officials of MCA Inc. today announced the company's intention to begin a master plan process which will determine future development opportunities for the MCA property located in Universal City. The process, undertaken at the request of County Supervisor Ed Edelman, City Council President John Ferraro, and Los Angeles Mayor Richard Riordan, will involve extensive community input and provide a unique opportunity for the public and private sectors to work constructively toward the growth and revitalization of the Los Angeles region. Additionally, MCA announced the withdrawal of its current plans to build a parking structure at the Coral Drive location.
 MCA Chairman Lew Wasserman and MCA President Sid Sheinberg have advised County Supervisor Edelman, City Council President Ferraro, and Mayor Riordan of their plans to undertake this process.
 "We have decided to move forward with a planning concept for future development at MCA, as requested by Supervisor Edelman, Council President Ferraro, and Mayor Riordan," Wasserman said. "We are proud to be working at their behest and hope to bring entertainment and much needed jobs and tax dollars to our home in Los Angeles."
 MCA is one of California's largest entertainment companies, employing over 7,500 people at its Universal City location.
 Mayor Riordan congratulated MCA on the announcement and the company's obvious commitment to the City of Los Angeles.
 "At a time when Los Angeles is rebuilding not only its city but also its image, MCA's announcement sends all the right signals to the world -- that Los Angeles is the place to visit, live, and do business," Riordan said.
 "Because Universal Studios is an important contributor to the Los Angeles economic base, I strongly support MCA in this effort. This is exactly the type of program that will bring about positive change for Los Angeles. I am also pleased with their commitment to work with the communities as part of the process."
 Supervisor Edelman, having urged this planning process along with Council President Ferraro, commended MCA for its hard work and commitment to Los Angeles County. "Our most immediate task is that we keep the community involved," Edelman said. "We have asked MCA to work diligently to keep the community informed and apprised of the plans as they unfold. We are confident that MCA will address all questions or concerns as they arise."
 Sheinberg, MCA President, said the company will be conducting an extensive community outreach effort early in this process. Sheinberg said, "This effort will be coordinated by MCA's Vice President of Corporate Communications and Public Affairs, Christine Hanson, who will be working with members of the community through open houses, community meetings, questionnaires, and focus groups."
 City Council President Ferraro, who also represents the Universal City area, joined Mayor Riordan and Supervisor Edelman to support MCA's plan.
 "This project is of the utmost importance to our City and County, and I urge both MCA and the community to work closely together in this important effort," Ferraro said.
 It is expected that the planning process will take approximately two years to complete and includes MCA's property in both the city and county of Los Angeles.
 -0- 9/30/93
 /CONTACT: Christine Hanson, 818-777-3591/


CO: MCA Inc. ST: California IN: ENT LEI SU:

MF-LS -- LA038 -- 7568 09/30/93 19:10 EDT
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Publication:PR Newswire
Date:Sep 30, 1993
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