What is a Feasibility Study?

 

A study of an existing building/area that looks at existing conditions, required improvements, opportunities, and constraints associated with community input and needs, cost and financing.

The study’s purpose is to:

• Bring iconic County asset back to life 

• Address the County’s tremendous need for housing

• ​Complement services to the LAC+USC Foundation’s Wellness Center and Restorative Care Village  

• Develop a mission aligned reuse concept for a housing and mixed-use campus 

• Promote the Healthy Village Concept:

• Focus on a Whole Person Care concept

• Support a healthy, resilient and economically prosperous Eastside community

• Help vulnerable populations 

• Develop an example of what's possible: a Reuse Framework 

• Accelerate the study timeline to make-up lost time and take advantage of potential funding streams that have become available this year 

• Move to the Request For Proposals (RFP) phase and attract creative, best-in-class proposals from multiple developers to ensure this initiative moves forward quickly 

• Ensure community voices are central to the study and future phases ​