Billion-Dollar Television City Overhaul Clears Major Hurdle, Despite Protests From Residents & Rick Caruso
deadline.comA proposal to modernize and expand the Television City complex in the Fairfax District cleared a major hurdle today, as L.A.’s Planning Commission unanimously approved the $1.2 billion plan.
The project will next be heard by the Los Angeles City Council’s Planning and Land Use Management committee before going to the full council.
The Television City Project would add facilities to the storied lot at Beverly Boulevard and Fairfax Avenue, as well as landscaping improvements and infrastructure enhancements to nearby streets.
The world’s first purpose-built television studio was constructed in 1952 and has expanded in a patchwork over the years. Hackman Capital acquired the iconic 25-acre property from CBS for $750 million in 2019, though CBS continues to operate at the site as a tenant.
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