Village At USC Approved
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USC (Creative Commons)
The project passed unanimously and will allow USC to redevelop university-owned land. The project is estimated to cost $1.1 billion.
"Not only will the Village at USC profoundly enrich our University Park Campus, it will be a tremendous boon for our surrounding neighborhoods, and for all of Los Angeles," said USC President C. L. Max Nikias in a press release.
The project will create around 12,000 jobs, of which 8,000 will be permanent.
USC has promised to fill 30 percent of the jobs locally.
