On Tuesday, December 11, the Los Angeles City Council unanimously voted to approve the USC Village, a project that will transform the area around Hoover and Jefferson Boulevard. The current University Village will make way for a vibrant, walkable mix of retail shops, restaurants, student housing and academic space that has been long needed.
The new USC Village will include up to 350,000 square feet of community-serving retail with a full service grocery store, retail shops and sit-down restaurants. Further, it will include new undergraduate and graduate student housing. The new USC Village will also include new open space for a farmer’s market, concerts, outdoor lectures and special events.
Neighborhood residents show their support of the USC Village.
The USC Village redevelopment is the largest economic development project to be proposed in South Los Angeles. It will be an economic engine for the city and Los Angeles county, generating 12,000 new jobs (4,000 construction-related, 8,000 permanent), and much-needed funds. In addition, USC Village will provide housing for USC students and faculty adjacent to campus, reducing traffic in the neighborhoods and freeing up substantial housing in the community for local residents.
Posted on October 30, 2012
In an editorial published on October 30, 2012, The Los Angeles Times called the Village at USC a “smart step” on the university’s part, offering a good template for how to work together so that communities thrive.
In addition to the student facilities, the university has agreed to give $20 million to a city fund to create and maintain affordable housing in the community around USC. If the university achieves the threshold of housing 70% of its undergraduates on its property, it will have to pay only $15 million into the fund. Everyone, from community groups to the university to the city, is pleased with this.
The university has also pledged to hire 30% of the workforce for the project from within a five-mile radius of the campus. That includes both temporary construction jobs and permanent new jobs.