LOS ANGELES—The South Park Stakeholders Group, which overseas the South Park Business Improvement District, has launched South Park II, a new business improvement district covering the area adjacent to the South Park BID. The new territory runs from Olympic Blvd., the alley between Main St. and Broadway Ave., the 10 Freeway and the alley between Grand Ave. and Olive St. The new BID was formed in response to the increasing development activity in the area.

“Downtown L.A. has been going through a very expedited renaissance, and South Park in particular is really the final frontier of Downtown where there are still a lot of vacant lots for developers to really redefine the skyline,” Jessica Lall, executive director at the at South Park Stakeholders Group, tells GlobeSt.com. “The new South Park II area is the most primed to see rapid growth in the next few years. Given the type of development and investment being made in that area, I think folks in that area were really proactive about seeking out a BID. They approached the South Park BID really because of the South Park brand and because we are doing a lot of similar projects as that area; so, it was really a natural fit. The fact that the area hasn’t been maintained by a BID ever, but yet is surrounded by business improvement districts, you really notice a difference in terms of basic quality of life.”

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