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VENICE, CA-City officials, together with Aimco executives and Los Angeles Mayor Antonio Villaraigosa, recently broke ground on the redevelopment of Lincoln Place, a 35-acre apartment community here. The rehabilitation effort is expected to cost $140 million and bring 600-800 jobs, economic development and premier apartment living to this area of Los Angeles.

The redevelopment includes the rehabilitation of 45 buildings with 696 apartment homes and the construction of 99 new apartments on vacant parcels. Phase One of the project was completed in April with the redevelopment of four buildings and 65 apartments for returning residents.

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