“Logo Text Depnder on Who You Ask, The $ 1 Billion Expansion of the Historic 25-ACRE SITE KNOWN as Television City Is a Welcome Addition to the Los Angeles Fairfax Avenue. IT’s A BLIGHT ON THE NEIGHBORHOOD. Entertainment Union Coalition, Which Represents 160,000 Workers Across The Industry, Has Supported”, – WRITE: www.hollywoodReporter.com
Depending on Who You Ask, The $ 1 Billion Expansion of the Historic 25-ACRE SITE KNOWN as Television City Is a Welcome Addration to the Los Angels Fairfax Avence and The Laerita. On the Neighborhood.
Entertain Union Coalition, whohh Represents 160,000 Workers Across -Industry, Has Supported The Renovation, Warning of A Sharp Downnturn in Production What. ITS Thinking, Another Production Campus in the Heart of the City Will Drive More Filming in the Region.
But some businesses that border the site, as well as neighborhood groups, have an apped the Project on Grounds that it big, Will worsen traffic Production Space. TESE OPPONENTS INCLUDE OF GROVE, The NEIGHBving Shopping Mall Owned by Rick Caruso Wich Is Suing to Overturn of the City’s Approval
“The Developer and the City Have Advanced A Project that have be and remains frustrating under Feb. 7 In Los Angeles Superior Court. “This Lack of Clarity Is Particularly Conceerning for A Development Project That Imposes Huge Impacts On The Community and Environment.”
The Grove Alleges a violation of the California Environmental Quality Act (CEQA), WHICH DEMANDS RIGORUS IMPACT REVIEWS for PUBLIC PROJESTS AND HAS BUING A WEAPON BULESTA. Approval. The Lawsuit Is One of Several Filed in Recent Weeks Secking A Court Order to Blockman Hackman Capital Partners, Which Is Developing the Site, from Proceeding with the Expansion.
In a statement, Hackman Senior Vice President Zach Sokoloff Called The Lawsuit An “Unfortunate But Predictable Abuse of Ceqa to the Television City Studio Plan.” He Added, “At Evely Step of the City Process, The TVC Project Was Unanimously Approved. Despite These Continued Efforts to Block this Investment Into the Entertainment Industry, We Remain Steadfast in Our Commitment to Keeping Hollywood in Hollywood. A Modernized Television City Will Help Make that Possible. ”
The Expansion Has Been in the Works for Years. CBS Reached A $ 750 Million Deal with Hackman in 2018 to Sell The Site and Its Soundstage Operation. The Developer, Now One of the Largest Operators of Production Space, Acquired the Rights to the Television City Trademark in an Agreement that Signlated Its Intent to Grow. Include Culver Studios, Kaufman Astoria Studios and Raleigh Studios. Three Years Later WHEN Soundtages Were Fully Boobed Amid A Surge in Production, It Started The Process to Renovate the Property.
Plans for the Site, Intended to Serve As AS A One-STOP Production Shop, Include Adding 980,000 Square Feet of Offices, Production Facilities and Retail Space, With The Number of Soundtstaage.
Hackman have said that Project Will Stem The Tide of Productions IncreASINGly Relocating to Other States. It has stressed that la must make it own investments to retain it share of the entertainment Industry, and on Jan. 7, The City Council Approved IT.
But by caruso’s Thinking, The Expansion Is A “SPECULATIVE REAL ESTATE VENTURE” RATHER THAN A EFFORT TO ADDRESS A SHORTage of Soundtages Since Additional Production Space. He points to hackman’s plans not requirming and Studio to be built or Maintained on the property and allowing for a wide Range of Development that this to Build More Office Space Insthead of Soundstages.
Save Beverly Fairfax, A Coalition of Homeowners that’s OPPOSED The PROJECT, HAS ALSO ARGUED THAT HACKMAN ISN’T INTERESTED IN CONSTRUCTING MORE PRODUCTION SPACE.
“While Masquerading as Development Aimed at Expanding and Modernizing Television Production in Los Angeles, The Project Fails to Address The Real Issues of Playing Los Angeles Product Same Day the grove suED. “Moreover, Nothing in the Project Requires More Than Nominal Television Studio and Production Space Be Construced.”
After Complaints Were Raissed, The City Council Modified The Plan to Require that A “Minumum of 150,000 Square Feet of Combined Sound Stage, Production Support, and Product. This was preceded by hackman Lowering Building Heights and Eliminating A Proposyd 15-Story Tower While Committing to A Program to Reduce Traffic in The Area.
Alleged Ceqa Violations Revolve around Claims that The Project’s Environmental Impact Review Misled The Public. “The Project Has Changed Many Times in Scope and Uison in A Way That Is Impossible For The Public To Follow and Randers The Project Description Unstable,” Writes Benjamin J. Hanelin J. Hanejamin J. Hanejamin J. Hanejamin J. Hanel, “Writes Benjamin J. Haer,” Writers Benjamin J. Hanel, Benjamin J. Hanejamin J. Hanejamin J. Hanel, “Writer. WHICH ALSO CLAIMS VIOLATES OF HOUSING AND ZONING LAWS.
Over The Years, Caruso Has Been A Vocal of the Weaponization of Ceqa to Block Development Projects. WHEN RUNNING FOR MAYOR IN 2022, HE SAID HE’D MANDATE The DISCLOSURE OF PAYments Projects. ”
And if heyunches anter Mayoral Campaign, He’ll Have to Address Conceerns from Industry Folk Who Could Belide that Hismiening Efforts to Boost Product in Revation in Revation.