LOS ANGELES — The Port of Los Angeles released a proposed timeline for its long-awaited waterfront redevelopment plan that would roll out in multiple phases, based on revenue availability, according to the port.

San Pedro’s New Look — $1.2 billion has been approved for the redevelopment of San Pedro’s waterfront, which will include an 8-mile promenade, three new harbors, 27 acres of new parks and an extension of the Waterfront Red Car Line.

The $1.2 billion San Pedro Waterfront Project was approved by the Port of Los Angeles Board of Harbor Commissioners Sept. 30, 2009 after more than a decade of discussion. The $144 million Wilmington Waterfront Development Project, designed to attract more people to the waterfront, was approved last June.

The proposed timeline was released on Nov. 2 in response to the commission’s decision that the port establish a draft implementation plan — including protocols for guiding the board and port staff in determining which projects move forward, the financing mechanisms involved and the framework to consider when sequencing the project (including the redevelopment of the Wilmington and San Pedro waterfront).

The port and harbor commissioners will take various elements into consideration, in regard to when specific waterfront projects will be constructed — including funding sources, business opportunities, site control, design completion and impacts to tenants, costumers and the public.

Construction on the Red Car Museum, Avalon Triangle Park, Cabrillo Beach and the Downtown Harbor plaza and promenade projects is set to begin as early as this month.

The San Pedro Waterfront Project aims to transform the area by improving public access via an 8-mile promenade. Other improvements include new plazas, bike paths, 27 acres of new parks, three new harbors in the downtown San Pedro area, a new Ralph J. Scott fireboat museum, a public pier at Seventh Street, Ports O’ Call redevelopment, new cruise facilities in the Outer Harbor and transportation improvements that include the extension of the Waterfront Red Car Line to Warehouse 1, the Outer Harbor and Cabrillo Beach.

The project was approved with the condition that the construction of the cruise ship berth facilities in the Outer Harbor take place on the east side of Kaiser Point rather than the west side, which faces Inner Cabrillo Beach. Staff members were also directed to respond within 30 days with an implementation strategy and recommendations for public input on the project.

The Wilmington project will spread over 94 acres and include the Avalon Development District, the Avalon Waterfront District and the Waterfront Red Car Line/Multi-Modal California Coastal Trail. Elements will include the creation of 11 acres of open space, 8 acres of plazas and a waterfront promenade, floating docks, water features, a pedestrian “water” bridge, a 200-foot observation tower and a Waterfront Red Car Museum.

The current plan is the culmination of input by the public and city officials. The waterfront revitalization project is anticipated to take a decade or more to complete.

An ongoing public outreach program that will be implemented by the port will consist of project update e-newsletters, community-wide update meetings and working group meetings focused on “Downtown First” implementation.