A "happy" Los Angeles River between the Two Freeway on the west and the Pasadena Freeway on the east.
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