From Los Angeles City Councilmember Bill Rosendahl:
May 25, 2010: HISTORIC AGREEMENT REACHED ON LINCOLN PLACE
Rosendahl. City Officials, Owners, Tenants Announce Long-Sought Deal.
Agreement Saves Rental Housing, Promotes Sustainable Development
During its Wednesday session, the Los Angeles City Council is expected to ratify a settlement agreement with the owners of the Lincoln Place Apartments in Venice, ending more than twenty years controversy with a deal that resolves litigation, returns evicted residents to their homes, and adds hundreds of rental units to Venice.
The agreement, reached May 7, 2010 after 18 months of negotiation under the supervision of Judge Peter Lichtman of the Los Angeles Superior Court, is expected to be ratified by the Council. Immediately following, various parties to the settlement will be available in the Council Media Room for a news conference.
Built shortly after World War II, Lincoln Place Apartments was a garden-style apartment complex with 795 units. Since 1993, owners have sought to redevelop the property or convert it into condominiums, sparking lawsuits and public relations battles. In 2003, AIMCO demolished 99 units on the projects’s north side. In 2005, AIMCO evicted all but a handful of tenants..
Who: Bill Rosendahl, Los Angeles City Councilmember
Carmen Trutanich, City Attorney
Patti Shwayder, Apartment Investment and Management Company
Sheila Bernard, Lincoln Place Tenant Association
Amanda Seward, 20th Century Architectural Alliance
Other Los Angeles City Officials and Tenant Representatives
When: 12:00 p.m. (or immediately after council vote) Wednesday, May 26, 2010
Where: City Council Media Room
3rd Floor, behind Council Chambers
200 N. Spring Street
Los Angeles, CA 90012
