High hopes for former landfill
Nearly five years ago, Los Angeles city officials sold 21 acres in Sun Valley at a rock-bottom price to a developer that pledged to turn the former dumpsite into the largest new industrial project in the Northeast Valley. Kerry Cavanaugh in the Daily News.
But despite promises of hundreds of good jobs and a youth center, the massive development failed to materialize, and after several years the developer became mired in trouble and filed for bankruptcy.
Last year, Trammell Crow Co. bought the land in a court-ordered sale for $18.75 million - seven times higher than the city sale price - and now has resurrected plans to develop the former landfill, this time as a light manufacturing, research and development complex.