Lynne Bronstein | Culver City Observer
BYE BYE FREE Parking. 586 free parking spaces will disappear if the Culver City Council votes to sell the property to Lowes Development for a planned hotel and office and retail complex. The lot is currently full by mid morning with commuter vehicles.
Culver City has announced the anticipated sale of city-owned and Successor Agency-owned real property at the Culver City Expo Line station to Lowe Enterprises.
The properties, which bear addresses on Venice Boulevard, National Boulevard, and Exposition Boulevard, and are described as “blighted,” are currently being used for parking for the Expo Line station.
The properties have been designated for development as a Transit-Oriented Development (TOD) project since January 2011, when the former Redevelopment Agency entered into an agreement with Lowe. The Agency Parcels and the City Parcels (collectively referred to as the “TOD Project Site”) and an adjacent parcel owned by the City of Los Angeles (known as the “LACTMA Parcel”) are proposed to be developed as “a global transit oriented development comprised of a mix of compatible land uses including office, retail, restaurant, hotel and residential.” Read more