There are three possible plans that have been studied, and they range from a straight rehab of the existing buildings in the complex to a large-scale makeover in which the housing development would be replaced by mixed-income housing (market-rate and affordable), retail, and for-sale properties, all wrapped into a higher-density package where buildings could be as tall as seven stories high. Any plan would have to replace all the 479 units of low-income housing with new low-income housing.
A big obstacle to any redevelopment is finding the money to make it happen. Federal funding wouldn’t cover all the costs: depending on the plan that’s selected (renovation of the buildings and units versus a full-blown redevelopment), there could be a difference of anywhere from $25 million to $55 million between what federal money will fund and what the project would cost. The director of economic development and planning for Councilman Joe Buscaino, who reps San Pedro, indicated that private developers have started sniffing around, though, attracted by the prospect of a redevelopment of the Ports O’ Call Village.
· San Pedro low-income housing makeover in the future? [DB]
· Los Angeles Wants to Develop San Pedro Waterfront Into Bustling Tourist Neighborhood [Curbed LA]
· San Pedro’s Ports O’ Call Village Probably Won’t Get That Big, Flashy Makekover [Curbed LA]