The Los Angeles City Council approved the purchase of 41 acres of land along the Los Angeles River in Cypress Park on Friday.
The decision secures long-awaited plans to develop the land into a park along the river with views into Downtown Los Angeles, the Griffith Observatory and the Hollywood Sign by creating more than one mile of riverfront access, and restore wetland and river habitats. The council unanimously voted to allocate about $60 million in state and city funds toward the land's purchase and development, according to a press release.
Mayor Eric Garcetti and members of the city council cheered the move, pinning it as a win for the Los Angeles River Revitalization Master Plan. Garcetti called the area of land the "crown jewel" in the city's plan to revitalize the Los Angeles River.
You can read the rest of the city's plans to for the L.A. River here.
The patch of land, called the "G2 parcel," will connect Rio de Los Angeles State Park with the Bowtie parcel, another State Park site. It was part of the 250-acre Taylor Yard owned by Union Pacific Railroad, according to a press release.
Councilmembers Paul Krekorian and Bob Blumenfield both said they were proud of the decision to purchase to the land. Councilmember Gil Cedillo said the G2 parcel was the most "integral part" of the revitalization plan, due to its direct access to the river from the communities he represents.
"This is the beginning of the future for the L.A. River as we imagine it," he said in a press release.
The land will be in escrow for 30 days.