Public to speak out on $664-million Millennium Hollywood plan
The Los Angeles Planning Department will hear public comments starting at 9 a.m. Tuesday about a controversial, multimillion-dollar development planned near the Capitol Records Tower at Hollywood and Vine.
The owners of the Capitol Records building have plans for two skyscrapers and a cluster of smaller buildings, about 1 million square feet in total. The complex of apartments, offices and shops would surround the famous cylindrical building that resembles a stack of vinyl records.
The developers want to change the zoning code. The Planning Department will also consider adopting the city’s environmental and traffic report about the project.
Proponents of the $664-million Millennium Hollywood project, including developers Millennium Partners and Argent Ventures, say the construction would be a boon to the area. The project is the most ambitious to date in a series of revitalization projects in Hollywood. Other major projects included the completion of the Hollywood and Highland Center in 2001 and the opening of the W Hotel at Hollywood and Vine in 2010.
The skyscrapers would be more than three times taller than most buildings in the area, according to a report on environmental and traffic impact written by the city.
The buildings would block views of the Hollywood sign and Capitol Records building, create light pollution and generation construction dust, opponents said. Others fear that the neighborhood will lose its character.
“We all know that this project will be a disaster for the residents,” SaveHollywood.org wrote in a call-to-action email Monday. “So many of these projects have been business failures but the developers don't care. Once it is built they just take the money and run, leaving the community with the mess.”
The public comment session will be held at City Hall.
-- Laura J. Nelson at Los Angeles City Hall