Big day for CD 9 yesterday as we broke ground on a new Honda dealership—one of the largest retail and commercial investments in our community at more than $25 million.
After decades of neglect and a lack of meaningful investment, I am proud to usher in a new era for economic development, job creation and a strong economy in Council District 9. I’m delighted to say, the NEW 9th is undergoing dramatic improvements unlike anything we’ve ever seen.
In fact, many people are looking to South Los Angeles as the next frontier for economic development, with exciting projects like the LAFC Soccer Stadium and the Lucas Museum of Narrative Art – all of these projects in the pipeline, both big and small, will bring more than 6,500 jobs to the Ninth Council District alone!
The groundbreaking of the state-of-the-art, vertical facility is especially important because this dealership was teetering on the brink of bankruptcy, and now the ownership have turned it into one of the top performing Hondas in the country. With the expected growth from this new location, the dealership expects to become the number one Honda dealer in America. What a story!
I want to thank Joe Shuster and Ted Bessen of Downtown Honda for having the vision to invest in South Los Angeles, being a responsible company and good community partner. Honda of Downtown Los Angeles is creating a jobs program specifically for residents living in the District, donating $100,000 to Los Angeles Trade-Tech Community College to stimulate education in the automotive service-tech fields, and will donate $50,000 to the Figueroa Corridor Business Improvement District to continue innovation and beautification of the south Figueroa corridor.
With partners like Honda, we will continue to see growth and transform these surface parking lots into thriving hubs that provide jobs, housing and other wonderful resources for our local community. The project—at 740 W. Martin Luther King Jr. Blvd.—will rise out of an empty lot that had been abandoned for decades, and is expected to be completed by summer 2018.