Thursday, March 23, 2006

Universal City Tries Again

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We'll see how far NBC Universal gets with the not-so-new plan to develop the backlot at Universial City. A story in the LA Times says a developer and architect have been hired to put together a plan. The last time it was killed by the NIMBYs, who latch onto that age-old complaint — TRAAAAFEECK.

Some have said it would provide 1,000 condominiums and townhomes.

This debate is just starting. But, it's worth noting that it's just one of many recent announcements for new developments in and around LA ... Do I smell trend? Maybe developers are bargaining they'll get less resistance in today's market.
NBC Universal said Wednesday that it had hired a prominent Los Angeles real estate developer and architectural firm to create a plan for future construction at Universal City that may include housing, offices, stores and production facilities.

The 400-acre parcel in the Cahuenga Pass is considered one of the region's prime pieces of real estate. But development plans by previous owners of Universal came to nothing amid vociferous opposition from neighbors and community leaders concerned about increased traffic congestion.

— The Boy in the Big Housing Bubble