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The State of Hollywood Address: Palladium, Cranes & Cirque Du Soleil

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Cranes along Vine St. in Hollywood | Photo by Zach Behrens/LAist

Today, Councilman Eric Garcetti delivered the annual State of Hollwood address at an event organized by the Hollywood Chamber of Commerce. He dedicated the address to Johnny Grant, who passed away earlier this month, and spoke about what makes a great neighborhood, at-risk youth tragedies and all that has been great and to be great for Hollywood. Here are excerpts from the address (please excuse the capitalization):

TO DATE, THE CITY OF LOS ANGELES HAS USED $700 MILLION IN PUBLIC MONEY TO ATTRACT $5.5 BILLION DOLLARS IN PRIVATE INVESTMENT. IN THE PAST SEVEN YEARS, WE HAVE ACCOMPLISHED A LOT. BUT SOME OF OUR BIGGEST PLANS HAVE ONLY BEEN DREAMS DRAFTED IN BLUEPRINTS. THIS PAST YEAR, THAT CHANGED. TODAY, THERE IS NO MORE BEAUTIFUL SIGHT IN OUR NEIGHBORHOOD THAN THE FLOCK OF CRANES OVER HOLLYWOOD. I LOVE THOSE CRANES. I LOVE THEM BECAUSE THEY SIGNAL THE ARRIVAL OF A GREAT NEIGHBORHOOD REBORN, WITH HUNDREDS OF LIVING WAGE JOBS FOR ANGELENOS, A NEW FIRST-CLASS HOTEL FOR VISITORS, EXCITING RETAIL FOR LOCAL RESIDENTS, AND MUCH-NEEDED HOUSING.

IF AT HOLLYWOOD AND VINE, THE EARTH HAS BEEN DUG UP, ACROSS THE STREET, HISTORY ITSELF HAS BEEN UNEARTHED. THERE, AS THE BOULEVARD 6200 PROJECT MOVES TOWARDS A GROUNDBREAKING, CLARETT AND NEDERLANDER HAVE DUSTED OFF EIGHTY-YEAR OLD PLANS -- FOUND BY ROBERT NUDELMAN IN A STORAGE CLOSET -- FOR AN ART DECO OFFICE TOWER TO COMPLETE THE VISION OF THE PANTAGES THEATER.

Continued after the jump.