Imagine this -- instead of 32 miles of grafitti-marked concrete running through the city, we have parks, walkways, bike trails and housing.
That's the vision of a new non-profit corporation organized to help advance a decades-long plan to transform the concrete-filled Los Angeles River.
The Los Angeles River Revitalization Corporation formed Tuesday. It is tasked with buying, selling and developing property along a portion of the river stretching from the west San Fernando Valley to East Los Angeles.The corporation will receive $750,000 in seed money from the city's redevelopment agency, but officials plan for it to eventually become financially self-sufficient.
The corporation was formed as part of the $2 billion L.A. River Revitalization Master Plan, which also calls for a Los Angeles River Authority made of city, state and federal officials and a philanthropic Los Angeles River Foundation.
