Councilmember David Ryu introduced a motion that would set a possible purchase of 4.76 acres of land adjacent to Runyon Canyon Park into motion. The privately-owned property at the northwestern edge of the park is located at 2450 Solar Drive. Estevan Montemayor, a spokesman for the councilman, told LAist that the park expansion was “something that people have been working towards for a long time.”
The valuation for the Nichols Canyon property, which spans just under 15 acres (4.76 acres of which would be added directly to the park, with the remaining acreage preserved as open space) was more than $10 million, but the Trust for Public Land, a nonprofit group that facilitates and funds the creation of parks and protected lands, negotiated it down to $8.75 million. The Trust has already raised $4.45 million for the purchase through grants and private donations, meaning a $4.3 million deficit remains.
