US Rep. Xavier Becerra (D-Los Angeles) has agreed to request the $5.85m necessary to begin prelimary studies and planning for the park. Though this is a tiny droplet in comparison to the estimated $950m necessary to build the park, supporters say it is a crucial step. The park, thought by many to be a pipe dream since its conception in 2006, would comprise 44 acres of parkland on a "cap" constructed over the freeway between Hollywood and Santa Monica Blvds. The park is seen as a much-needed addition of open space to an area of the city that has only .005 acres of parkland per resident. Friends of the Hollywood Central Park, the non-profit founded to get the project off the ground, says the majority of the money will come from private foundations. It is one of 2 cap parks planned for the Hollywood Freeway.
Source: Los Angeles Business Journal
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