Good news for fans of the proposed Hollywood Freeway Central Park project.
Earlier this week the Friends of the Hollywood Freeway Central Park announced that the project, which proposes to develop a 44 acre street level public park on a deck over the US-101 Freeway, announced that it had received a $1.2 million donation from the Aileen Getty Foundation to help pay for the preparation of an Environmental Impact Report (EIR) and Environmental Impact Statement (EIS) for the project. With this donation, and the $825,000 in City funding already secured by Friends of the Hollywood Freeway Central Park (Council File 12-0600-S120), the EIR/EIS work is now “fully funded”.
While this is certainly a great step forward for this project, the project still has a long way to go. Recall that back in 2008 a feasibility study (.pdf) conducted for the project determined that the Hollywood Freeway Central Park could be built for an estimated $950 million.
While I’m not the biggest fan of this particular scheme (as I can’t fathom where they’ll find the $950 million needed to actually build the park) I do think a hearty congratulations are in order to the Friends of the Hollywood Freeway Central Park for securing this private donation for this project. Gotta admire their moxie.