$24-Million Retail, Movie Complex OKd by Council
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The Inglewood City Council has approved a proposal to develop a $24-million complex that will house a 12-screen theater, retail establishments and a fast-food court in the downtown area.
After rejecting the proposal six months ago, the council now includes two new members. The only dissenting vote this week was from Councilwoman Judy Dunlap. The proposal was adopted on a 4-1 vote.
Inglewood is hoping the movie complex is the ticket it needs to boost foot traffic in a commercial area that began to sag in the early 1960s, when big shopping malls opened in the area.
The complex will be built on a 2.8-acre chunk of land bounded by La Brea and Florence avenues and Regent and Market streets.
The city will invest $8.5 million in the project, including land acquisition costs.
K&L; International Partners, a South Korean development company, will invest about $20 million in the complex.
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