“I initially expressed concerns with the original proposed project, but after working side by side with my constituents and Paramount Pictures, we were able to find common ground to resolve the impacts on the neighborhoods I represent."
FOR IMMEDIATE RELEASE:
October 12, 2016
COUNCILMEMBER RYU STATEMENT ON PARAMOUNT STUDIOS EXPANSION
“I initially expressed concerns with the original proposed project, but after working side by side with my constituents and Paramount Pictures, we were able to find common ground to resolve the impacts on the neighborhoods I represent.
I especially want to thank Paramount for agreeing to reduce the height of their proposed office tower by 100 feet.
This new design will provide much-needed office space for Paramount while matching the character and scale of the neighborhood.
I am also very happy that Paramount agreed with my suggestion to forgo digital billboards in this project, their inclusion would have had an immense impact on the nearby residential community.
Additionally, my office worked very closely with Paramount to develop a Neighborhood Protection Plan, by securing much-needed funds for community improvements including $425,000 for the Larchmont Village Neighborhood, which will allow us to address cut through traffic and congestion. Paramount has also agreed to contribute $25,000 for the neighborhood’s HPOZ survey.
Over the last 100 years, Paramount Pictures has shaped American culture by producing some of the most beloved films and television ever made.
This plan will allow Paramount to preserve their rich history in our City while giving their company much-needed upgrades and space to compete in the very competitive entertainment industry.
By approving this project, we are retaining this influential and historic studio in the heart of Hollywood and we are affirming our City’s claim on the film industry by encouraging job creation and economic growth that benefits every single Angeleno.
Paramount Pictures has proved to be a good neighbor and this project has demonstrated that residents and businesses can come together and agree on appropriate growth for our City.
I look forward to another 100 years of great film and television produced by Paramount Pictures.”
Los Angeles City Councilmember David E. Ryu represents the 4th Council District which includes Griffith Park, Sherman Oaks, Toluca Lake, Hollywood, Hollywood Hills, Los Feliz, Silverlake, Miracle Mile, Hancock Park, Windsor Square, Larchmont and portions of Koreatown and Van Nuys.