The Port of Los Angeles’ Board of Harbor Commissioners approved a purchase agreement for a piece of property located within the Wilmington Waterfront Project, Oct. 4.
The property was owned by the Lucy Jao Trust and consisted of 12,360 square feet of land and 5,578 square feet of improvements.
“The … property is required by the Harbor Department to ensure that the optimum contiguous land area is available for the planned design and construction of the Wilmington Waterfront Project,” port staff stated in a report to commissioners. “The Wilmington Waterfront Project is intended to provide waterfront access, recreational activities, and commercial and economic development opportunities to the Wilmington community.”
Lucy Jao Trust’s property is located at 115 North Avalon Boulevard in Los Angeles.
The port district will pay $849,700 for the land; the cost will cover the purchase price, fees and remediation.
Port district and city officials will use the land, once acquired, for improvements along the Wilmington waterfront.
“The Wilmington Waterfront Project was approved by the board in 2009 to create a community amenity that will connect Wilmington with its waterfront and provide regional linkages, as well as increased economic opportunities in the Wilmington Waterfront area,” port district staff stated. “The Wilmington Waterfront Project will provide a gateway to Wilmington’s waterfront at Avalon and Harry Bridges Boulevards, featuring a park, plazas, and parking.”