A new park may be built in the East San Fernando Valley using excess CRA/LA Bond Proceeds, according to a motion introduced earlier this week by Los Angeles City Councilmember Nury Martinez.
"Residents of the East San Fernando Valley have long suffered from a lack of parks and open spaces," reads the Martinez's motion. "As opportunities become available for the City to acquire land and develop parks, every effort should be made to make these long-term investments that serve the health, recreational needs of children and residents, and provide for a stronger quality of life in communities across the City, particularly in underserved portions of the San Fernando Valley.
The motion calls for $4.5 million in CRA/LA excess bond proceeds available to Council District 6 to be used for property acquisition and park development in the Pacoima/Panorama City Redevelopment Project Area. The project area is dispersed across a wide area, with concentrations along major commercial thoroughfares such as Van Nuys, Laurel Canyon, and San Fernando Boulevards.
A specific property has not been identified for the proposed park at this point in time.
The motion has been referred to the City Council's Economic Development Committee for consideration.
In a separate motion that has also been referred to the Economic Development Committee, Martinez has proposed using an additional $2 million in CRA bond proceeds to fund improvements along Parthenia Street, Parthenia Place, Sepulveda Boulevard and adjacent streets to improve both aesthetics and pedestrian and traffic safety.