Potrero Canyon Sales Help Build Passive Park in Pacific Palisades

Los Angeles residents and visitors are one step closer to enjoying a new public space with a breathtaking  view of the Pacific Ocean from Pacific Palisades.

Potrero Canyon Park Ground Breaking Ceremony

Councilmember Bill Rosendahl is surrounded by constituents and City staff during a ground breaking ceremony back in February 2011 at Potrero Canyon Park in Pacific Palisades.
Photo: JuanCarlos Chan/Los Angeles Department of Recreation and Parks

A public auction was held at City Hall this week to  sell seven properties along the ridge of Potrero Canyon. The surplus property sold for more than $12 million. The properties went for more than the appraised value and sold for $3,010,000 more than the minimum bid asking price.

A list of the properties sold still needs to be confirmed by the General Manager of the Department of General Services.

During a recent City Council meeting, Rosendahl said the proceeds from the sale of the properties will go toward building the next phase of Potrero Canyon Park off Pacific Coast Highway.

The $30 million passive public park will have a hiking trail that extends from the Palisades Recreation Center and down to Pacific Coast Highway and the Pacific Ocean.

The park is expected to be completed in 2015.

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2 thoughts on “Potrero Canyon Sales Help Build Passive Park in Pacific Palisades

  1. Pingback: Vista del Mar in Project in Playa del Rey Moves Forward « The Ones

  2. Pingback: Bundy Triangle Park Reopens for Public Use | The Ones

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