Signing Ceremony for USC Specific Plan Development Agreement
WHAT: In December, the Los Angeles City Council voted unanimously in favor of the USC Specific Plan, clearing the way to replace the aging University Village shopping center with an ambitious retail and student housing complex. Wednesday’s signing ceremony formalizes approval of the plan.
The Village will be the largest development in South Los Angeles. The project and related construction in the university’s Specific Plan area are expected to create 12,000 jobs — 4,000 construction-related and 8,000 permanent — from a university that is already the largest private employer in Los Angeles. Additionally, university planners estimate that USC Village will return $1.1 billion in economic impact while freeing up 900 housing units currently occupied by students. USC Village will also include up to 350,000 square feet of community-serving retail with a full service grocery store, retail shops and sit-down restaurants. It will bring new businesses to the area, reduce community traffic and make more affordable housing available to local residents.
Los Angeles Mayor Antonio Villaraigosa
Los Angeles City Councilwoman Jan Perry
USC President C. L. Max Nikias
USC Senior Vice President for University Relations Thomas Sayles
WHERE: University Village west entrance (enter parking lot off McClintock just north of Jefferson)
WHEN: 9 a.m. on Wednesday, March 27
Contact: USC Media Relations at email@example.com or (213) 219-6347.