The City Council has moved to begin negotiations to buy more than 40 acres of the former Taylor Yard rail yard on the border of Cypress Park and Glassell Park and turn the contaminated land into public green space and restored wetlands along the L.A. River.
City staff has been directed to “immediately enter” into negotiations with Union Pacific Railroad Company to purchase what is known as Taylor Yard parcel G2, a 42-acre wedge of riverfront that sits between the L.A. River and Rio de Los Angeles State Park. The city has been interested in purchasing the property, which has been described as a “crown jewel” of riverfront properties, for more than a decade.
“The site is ideal for the development of a vast wetlands/water cleansing landscape and public green space in an area of the city with limited open space,” according to the motion by Councilman Gil Cedillo . “If the Taylor Yard G2 parcel is acquired, it will be the region’s premiere urban ecosystem, greenspace-supporting riparian habitat, diverse native vegetation and abundant wildlife.”
The motion was approved by the City council but but how much is this going to cost? Cedillo declined to comment for this story but at one point about $25 million in Prop. 0 funds – used to for clean-water projects – had been budgeted for the project. A spokesman for councilmember Mitch O’Farrell said that the price of the parcel is not known.
The negotiations to buy the property were given the green light as city and other local leaders lobby for a $1 billion plan to restore the L.A. River.
Tony Cella is a freelance reporter who has covered crime and grime in Los Angeles, New York City and the Kenai Peninsula, Alaska. Click here to contact Cella with questions, comments or concerns.