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Parcel B Development Takes a Small Step Forward

The Culver City Council approved the terms and conditions agreed upon with the Combined Properties/Hudson Pacific group back in January, to develop the property at 9300 Culver Blvd.

At Monday night’s meeting the Culver City Council agreed in a 4-0 vote (Meghan Sahli-Wells was away) to approve the terms and conditions of the Disposition and Development Agreement, which was entered into with Combined Properties/Hudson Pacific on Jan. 31, 2012.

The City is eager to move forward on the project through its newly formed Successor Agency (which has replaced the now-defunct Redevelopment Agency).

However, with the demise of the Redevelopment Agency, the agreement must now be approved by the Oversight Board and subsequently by the State Department of Finance, which will ultimately determine if the sale can go ahead.

Mayor Andy Weissman told Patch, “The Successor Agency will proceed with scheduling the Oversight Board meeting this month…Thereafter, the resolution and actions of the Oversight Board will be transmitted to the State Department of Finance for consideration."

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Chris R November 16, 2012 at 12:49 AM
Any news on this project? Did the "Oversight Board" and the "State Department of Finance" review the sale? EIEIO!
Chris Manning January 17, 2013 at 10:27 PM
Any news on the Parcel B Project? Did the State Department of Finance review the sale? Any info's appreciated.

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