Long Beach Redevelopment Agency
At the August 2nd City Council meeting, the City Council approved the purchase of property at Artesia Blvd. and Atlantic Ave. by Frontier Real Estate Investments, LLC for $2,100,000. The location is one of several past Redevelopment Agency parcels now owned by the City through the Long Beach Successor Agency Long Range Property Management Plan.
The City of Long Beach has received approval to implement its Long Range Property Management Plan (Plan) for the disposition and use of real property of the former Long Beach Redevelopment Agency (RDA). The Mayor, City Council, City staff, Oversight Board, and Successor Agency spent considerable time and energy creating and advocating for this hard fought milestone which will enable future investment and development opportunities in the City of Long Beach.