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Billion-Dollar Television City Overhaul Clears Major Hurdle, Despite Protests From Residents & Rick Caruso
A $1.2 billion proposal to modernize and expand the Television City complex in the Fairfax District is unanimously approved by LA's Planning Commission.
The Television City Project would add facilities to the storied lot at Beverly Boulevard and Fairfax Avenue, as well as landscaping improvements and infrastructure enhancements to nearby streets. The company also agreed to a public benefits agreement by providing $6.4 million in funding for new bike lanes, repairing sidewalks, supporting local arts programs and improving the Pan Pacific Park, among other initiatives. Once completed, the study projects Television Studios will generate $2.4 billion annually in new economic output and support an estimated 18,760 direct and indirect jobs.
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