Reseda Opportunity Economic Impact Study

The City of Los Angeles faces a housing and homelessness crisis. To meet that challenge, various entities have evaluated all municipally-owned parcels across the City to determine which are potentially feasible for affordable or supportive housing projects. Both the City Administrative Officer (CAO) and City Controller have identified the five Department of Transportation (LADOT) surface parking lots near Reseda Blvd and Sherman Way as potential housing sites. There is currently no conceptual or actual project proposed for any of these lots. 

Given the magnitude of the housing and homelessness crisis, Councilmember Blumenfield believes that no option should be taken off the table. Many local businesses rely on the LADOT parking lots for customer parking so Blumenfield has requested an in-depth analysis of the economic impact of any temporary or permanent loss of parking. An economic study will take place over the next few months and your input is critical to provide a comprehensive and accurate analysis of the economic impact of redevelopment of any of the five parking lots. Read more about the study below.

Showing 2 reactions

  • Friend
    followed this page 2022-10-07 17:56:59 -0700
  • Bob Blumenfield
    published this page in Blog 2022-10-07 11:00:34 -0700