West Hollywood Gateway, West Hollywood, CA
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Economic Opportunities Project Profile West Hollywood Gateway West Hollywood, CA SNAPSHOT Activity Type – Economic development. Beneficiaries – Creation of 800 jobs West Hollywood has long been known for its boutiques and night life, targeted to residents of adjacent low- particularly in the area known as the Sunset Strip, but other parts of this city income neighborhoods. PLACE are not so glamorous. This blighted contaminated five-acre site faced many environmental challenges to redevelopment and the revitalization of the Project Total – $79.9 million area. CDBG Funds – $10,000 plus $8 million The dilapidation of the area detracted from the viability of the surrounding Section 108 Loan low-income neighborhood which was home to many linguistically isolated Leverage Ratio – 1:10 PEOPLE recent immigrants and experiencing high levels of unemployment. The project not only refreshed the character of the neighborhood but also Key Result – Elimination of slum and empowered residents by providing a range of job training opportunities and decent paying jobs that the community badly needed. blighted conditions that hindered viable commercial developments and the With a Section 108 Loan, a Brownfields Economic Development Initiative creation of employment opportunities in a Grant, and city and private developer funds, the City of West Hollywood distressed area. PROJECT undertook redevelopment of the site, including remediation of environmental contaminates. The completed project produced 227,000 Words of Advice – The Gateway Project is square feet of retail space, 27,100 square feet of restaurant space, and a result of extensive planning and three levels of subterranean parking, including a community room. This research, coordinated efforts by the signature project has served as a catalyst for further revitalization in the community, the City and County, and area. strong professional support from an expert team of real estate and redevelopment This collaborative effort included the City of West Hollywood, one of the participating cities in Los Angeles Urban County’s CDBG , the Community advisors. PARTNERS Development Commission of the County of Los Angeles, the State of California, and the developer, J.H. Snyder. As one of premier developers in More Information – Southern California, they brought relationships with lenders and an http://www.westhollywoodgateway.com/ experienced development team of experts in land use, community relations, design, construction, finance, marketing and asset management. Community Development Block Grant (CDBG) Serving Low- and Moderate-Income Persons and Neighborhoods in the U.S. .