Boyle Heights — Hollenbeck Park would receive $1 million in improvements under a deal between the city and a Chinese developer building a massive Downtown L.A. project.
The money would come from Greenland LA Metropolis Acquisition, which is building a giant residential and commercial development in the South Park section of Downtown. In return for development rights, Greenland agreed to finance a variety of public improvements in nearby areas. One of those improvements includes $1 million to buy a new pumping and irrigation system for Hollenbeck Park, according to a Recreation & Parks Department staff report.
On Wednesday, the Recreation & Parks Commission voted to accept the funds. However, the City Council and Mayor still need to sign off on the deal.