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New transit-corridor development a must

first_imgThe Metro [email protected] project should be approved in a configuration that maximizes capacity and job generation, but with reasonable concern and thoughtful mitigation of local impacts. Bob Scott is chairman of the Valley Industry and Commerce Association, as well as a past president of the Los Angeles City Planning Commission.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! THE San Fernando Valley sits at a crossroads. We have the opportunity to finally get our fair share of “smart economic growth” that generates quality jobs and promotes the unique attributes and industries of the San Fernando Valley. The recently announced Metro [email protected] television and production center at the Universal City Metro Station is being planned to house the West Coast headquarters of NBC News, the NBC Network News’ Los Angeles Bureau, KNBC, KVEA, and “Access Hollywood.” Other cities would give their eye teeth to attract these world-class, wealth-producing economic engines. Metro [email protected] is planned to be a transit-oriented, smart-growth development with a huge economic and fiscal impact for the region. What is being proposed will quickly become the model for these types of developments in other parts of Los Angeles, developments that complement public transportation hubs and job centers. Transit-oriented developments are a sensible way to provide additional jobs and needed economic growth while minimizing impacts on adjacent communities. That is what was anticipated when we invested tens of billions of taxpayer dollars in the Red Line subway – precisely this type of development. But despite the overall benefits of this project, a vocal few still stand in opposition. Some are well-intended, and others simply cling to the hope that they can turn back the clock. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREPettersson scores another winner, Canucks beat KingsChange is a fact of life. Those who do not share in a vision for the future are destined to have one thrust upon them – one without rhyme or reason, built of random bits and piecemeal entitlements that do not contribute upgrades or take advantage of our ever-growing transportation network. The San Fernando Valley simply cannot afford to stagnate, continuing to allow well-paying production jobs to be exported to other cities in the U.S. and abroad. We cannot afford to continue to build farther and farther out from our centers, out from where people live and work. That is a recipe for gridlock. Instead we must embrace the new vision for creating job centers along transit corridors, including – as here – accessible to our subway stations. We must reward local employers, who actively choose to invest in our city’s keeping jobs here in town to benefit our growing population. And we must embrace responsible economic and community development, without hiding behind the overused complaint that any development diminishes our quality of life. Thomas Properties Group, the developer, has committed $750 million plus to this project, currently one of the largest, if not the single largest private investment in the San Fernando Valley. Once completed, the complex is expected to result in more than $9 million annually in new property tax revenue alone – money that goes to pay for community services and schools without raising taxes. And the Valley will get an employment center for upward of 3,200 well-paying jobs, strengthening the entertainment industry cluster and helping to attract new state-of-the-art entertainment companies. Let’s not miss this opportunity for the Valley to maintain its leadership in this all-important industry. The time has come to embrace “smart economic growth” and at the same time enhance the quality of life in Studio City and the San Fernando Valley. last_img read more

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