Is a sequel to Richard Meruelo's Taylor Yard Land Swindle in the works?
A "happy" Los Angeles River between the Two Freeway on the west and the Pasadena Freeway on the east.
While the LA River smiles in the Google Image above, Northeast Los Angeles environmentalists are quickly mobilising to counter a possible replay of the infamous Developer and Mayor Antonio Villar Mayoral Campaign Financer Richard Meruelo "Taylor Yard LAUSD Land Deal".
A key 44 acre parcel of the former Southern/Union Pacific Taylor Yard complex that once contain the roundhouse and engine house, is now being pursuit by the Trammell Crow Company for industrial development. Trammell Crow is owned by CB Richard Ellis which possesses vast tracts of property city wide and nationally and just signed a deal with CRA to purchase the controversial Cleantech site downstream from Taylor Yard for $15.4 million.
With Trammell Crow entering into a "purchase option agreement" with property owner Union Pacific, for the intent of developing the parcel for industrial use, activists are opening speculating whether this is a Meruelo-like attempt to buy sought-after land and sell for a quick profit to the likes of the California State Parks.
The State Parks has already purchase 18 acres in the area and had set aside financial resources to purchase the 44 arces G-2 Parcel and rehabilitate to property for public usage.
The fact that this is taking place within CD 1 City Councilman Ed Reyes domain and that Reyes is the Chairperson of the PLUM Committee at City Hall, is raising eyebrows about nefarious dealings along the banks of Councilman Reyes's "Legacy Project".
** Read email from Northeast Activists after the jump.
Labels: CB Richard Ellis, Councilman Ed Reyes, CRA, LA River, Trammell Crow
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