Industrial Land Eyed For Green Future in L.A.

Officials in Los Angeles are hoping to turn a former brownfield site into the centerpiece of a new downtown green industrial district.

"The development, which city officials say could accommodate as much as 1 million square feet of industrial space, would essentially function as a green industrial park and incubator."

"Officials are looking to generate jobs and turn a tattered pocket of Los Angeles into a hotbed of environmentally sustainable companies."

"The plan is to offer tax breaks and other financial incentives to attract businesses to the site, which the city hopes will become the centerpiece of a so-called CleanTech Corridor along the Los Angeles River."

"The city's Community Redevelopment Agency is going to shop the proposal directly to green businesses from now to the end of the year, then put the project out for bid in early 2009, said agency Chief Executive Cecilia Estolano."

Full Story: 'Green' industrial park proposed for downtown Los Angeles

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