By Elizabeth Fazzare, October 31, 2013
Los Angeles Light Rail
In 2012, LISC completed initial market profiles of two Los Angeles neighborhoods, Boyle Heights and Leimert Park. The research results provide analysis of the current economic state of each community, block-by-block. This information can be used in plans for future investments, redevelopment initiatives, and to attract businesses.
With their pledged effort, the private organization plans to evaluate 13 other low-income neighborhoods over the next 18 months: Central Vermont, Crenshaw North, El Sereno, Highland Park, Koreatown, Main & Vermont, East Hollywood, North Vermont, Pico Union, Pacoima, Van Nuys, Watts, and Westlake. Each of these areas is scheduled for construction of a local public transportation hub by the City of Los Angeles and in combination with new improvement projects by LISC, can increase their overall value.
“Low-income communities can be good places to live, work, raise families and do business,” said LISC Los Angeles executive director Claudia Lima in a statement. “Our goal is to speak to the rich potential of the people, markets and physical assets in these targeted areas.”