Los Angeles’ signing of a Project Labor Agreement for the Port of Los Angeles development was easily one of 2011′s highlights for the construction industry. Yesterday, ground broke on the multi-faceted effort:
The Downtown Harbor project will cut into approximately 1.2 acres of existing waterfront land along Harbor Boulevard between Fire Station 112 to the north and the L.A. Maritime Museum to the south. It will create a new harbor inlet for vessels to dock and approximately 700 linear feet of promenade. Surrounding the inlet will be a modern town square, featuring landscaping, lighting and expansive promenades.
The $21 million project, estimated to create 98 one-year equivalent jobs, is expected to be complete in mid-2013. Development of the Downtown Harbor town square and promenade will follow at a cost of approximately $17.5 million and is expected to be completed in 2014.
All tolled, $1.2 billion will be invested. In terms of jobs, it is estimated that the project will create 20,000 new to add to the “830,000 regional jobs and $35 billion in annual wages and tax revenues” that the port is already responsible for.
Read more HERE.