News
LA Closes Escrow On Nearly 42 Acres Near LA River
March 6, 2017
Courtesy of Office of LA Mayor Eric Garcetti
Rendering of plans for the G2 parcel by the LA River
The City of LA just closed escrow on a parcel of land by the LA River known as G2. It is the final remnant of the 250-acre Taylor Yard that was owned by Union Pacific Railroad.
The nearly 42-acre parcel is considered the key to Alternative 20, a plan to restore habitat between DTLA and Griffith Park, Curbed Los Angeles reports.
It will connect Rio de Los Angeles State Park with the state-owned Bowtie parcel in the future.
LA Mayor Eric Garcetti referred to the land as the "crown jewel" in revitalizing the LA River.
Before the public can use the land, it will require a major cleanup since the land used to be part of Union Pacific Railroad's freight-switching facility.
The LA City Council voted in January to spend $59.3M to buy the land.
