INGLEWOOD – The city of Inglewood will create a Business Interruption Fund (BIF) to assist Inglewood “mom and pop” businesses who will be forced to relocate should the City secure 100% of the funding needed to build the Inglewood Transit Connector.
The project is currently 50% funded with the City receiving grants totaling $300 million and another $200 million pledged under the Los Angeles County Metropolitan Transit Authority’s (LACMTA) FY 2022-2023 budget.
During the May 24 regular city council meeting the consulting firm acknowledged the project isn’t fully funded by they continue to move forward as if it is to ensure certain activities take place in the event it is fully funded.
The fund will be used to compensate businesses who are able to detail how much revenue they generate and will potentially lose due to the construction scheduled to take place along the proposed route.
The route will commence at the intersection of Florence and Market which would wipe out every business in the shopping center where CVS and Fiesta Martin’s is located.
The City will look to acquire the parcels under eminent domain.
Other businesses which will be affected are those on the North end of Market Street and countless businesses down Manchester and Prairie.
It is crucial for the businesses to have accounting of their revenue to be awarded any available funding under the BIF.
Quickbooks is an online accounting software that connects directly to your business bank account and costs $25 per month to access. The software will also generate profit and loss statements which will need to be produced for verification.
Many small businesses were interrupted with construction of the Crenshaw/LAX line with many not having the ability to prove losses to the vendor hired by Metro to work with those businesses.
It is unclear if Del Richardson & Associates will get “the call” to administer the process, as her company assisted with relocation of countless residents who lived off LaCienega and Arbor Vitae for the LAX expansion, and the businesses interrupted for the Crenshaw rail line.
The City’s goal is to have the transit connector project up and running in time for the 2028 Summer Olympics which are scheduled to have some activity at SoFi Stadium and the proposed Intuit Dome.
Construction of the Intuit Dome continues to move at a snail’s pace leading to more speculation that it won’t be built unless the City is able to have the transit project 100% financed.
Continue to monitor updates on https://envisioninglewood.org/transportation-solutions/itc/
9 Comments
Ballmer’s ego arena will be build, regardless, If the people mover, which is not even slatted to open, until 2027 is 100% financed, or not. As to construction being slow, the change of project manager may have something to do with that.
So once again the liar proves he can not be trusted because truth is not in his DNA .
Businesses along Market have not even been included in discussions re this project so is anyone surprised they will be eliminated.
EMINENT DOMAIN and DATA MINING are this administrations go to …anything and everyone not Stan Kroenke related simply DOES NOT MATTER.
As for those who are selectively going to some doors but not all to gather petition signatures …….why are we not surprised people forgot the petition re the stadium promising we would get to vote IF we want the stadium was SHREDDED by COUNCIL VOTE,,
No other community on the planet should have learned better than we not to sign anything you have not yourself completely read.
As for Del Richards just a reminder……she is the one who purchased a house in Manchester Square (the first area named that near the airport), who then convinced neighbors they should tell the airport that the airport should begin a VOLUNTARY RELOCATION PROGRAM ! She also said she would help every neighbor in Manchester Square find a replacement home.
Not much of that was true ! , but some believed and nearly 4300 homes were bulldozed for the gosh they won’t expand anymore after the Surfridge community demolition.
HMMMM try those numbers out roughly 3.5 occupants times more than 4000 homes and no replacement wow and the LOS ANGELES ELECTED CAN’T FIGURE OUT WHY THERE ARE SO MANY HOMELESS!!!!!!
Oh and wait, anyone want to take a guess —-who relocated (moved out) all the tenants on the property that will be the MURPHY’S BOWL AKA BALLMER BASKETBALL ARENA…Yesserie Del Richards and Associates…..with Tenants gone the property owners were left with mortgage payments and no rent — how conveniently contrived !! The owners were offered precious little in the Eminent Domain Proceedings ! ….and then……the empty apartment buildings once “acquired” by the city were left vacant but standing for nearly twenty years…..Several businesses proposed projects during those years but oh no the city didn’t want them UNTIL …..yep campaign contributions apparently were the key…..and of course now we see the reality Inglewood residents and businessmen not devoted to the sports megalopolis simply do not matter.
Oh for icing on the cake…Del Richards became Mrs Curren Price and oops they forget to reveal that when she was awarded contracts by the City of LA, and they somehow thought we were expected to pay her medical bills because of that conflict of interest vote for the council enhanced benefit package which included lifetime medical for self and spouses.
Any articles on the slow pace of intuit dome construction? Driving by, it looks as if substantial progress has been made, making me question the comment that it wouldn’t be completed should a transit connector not be financed
https://2urbangirls.com/2022-04-nba-commissioner-nixes-expansion-talk-payton-amps-up-seattle-return/
It is about Billionaires not wanting to pay for the increases to their pockets and shifting the cost to us. What a Transit connector means is not being told to residents …
With the Transit Connector in place developers will have free reign to build seven story condo/apartments for short term rentals wherever you see single family homes with-in half a mile of the Connector see SB 50 with the add on of SB 4.
And consider so far those Inglewood mayoral race campaign contributors have not been disappointed – one example the WOW digital billboards. There is no shortage of developers.
Basically the only single family homes not impacted will be those near the cities edge on the east side, How long before all those new home owner gentrification bodies learn what it is like to be like us – disenfranchised? Let’s hope they will have the law degrees to challenge the Butts regime unwillingness to schedule meetings when working people can attend. But will they be too late?
No matter if past practice is an indication ( consider Murphy’s Bowl) the back room deals have probably already been made, and each developer knows which homes will be “land banked” for the eminent domain list. Those remaining will loose sunsets and have more traffic and more pollution,… but the billionaires will be richer from all the rent they will collect either from over priced or weekend rentals or the section 8 guaranteed income.
So what do you think, is it a coincidence the campaign funding office for BUTTS, DOTSON and PADILLA is on the Seventh floor of Inglewood City Hall?
With more land than Disneyland at Kroenkeville , can you explain why the Stadium was not required to put in adequate parking? What do you think ?
I’m sorry, but how’s the arena in jeopardy, If the people mover isn’t 100% funded? I mean, You’re saying Ballmer would abandon the plan? I’m sorry, but that wouldn’t make any sense on his part, especially with the money at stake.
Last weekend the construction site had only a handful of workers visible. Keeping our eyes peeled on what’s developing in Seattle.
Of Course! Always good to have eyes on it. Still, the odds of the arena not happening is very low, considering the money at stake for not only Ballmer, but the NBA, since they, like other sports have a love affair with the LA market, no matter how detrimental it is to low income, and minority communities. Case in point, Gentrification in Inglewood, as a result of Kroenke’s Stadium, and Ballmer’s ego arena.
There’s already a team in the market, the Lakers. The EIR stayed they had to take measures to address the environmental issues as a condition to build. The City’s solution was the transit connector.