Like many large cities, Los Angeles has a shortage of viable, master-planned property to accommodate economic development. Land that is available often has complex environmental issues and subsurface conditions, including oil wells and associated pipelines. Wilmington Industrial Park is strategically located adjacent to the Los Angeles Harbor, the Alameda Corridor, and other transportation improvements under construction. The economic strategy identified ways to redevelop the project area and attract new development, labor-intensive industry, and new jobs for the local community.
EPS evaluated the position of the property relative to the area’s extraordinary transportation infrastructure, regional economic trends, and CRA/LA job- and tax-base goals. The team developed economic, land planning, civil engineering, geotechnical, and redevelopment studies, contributing to a strategic plan for attracting public and private investment to the area.
The strategy included developing a geographic information system and a related website intended to expedite developer due diligence associated with specific development proposals.