In anticipation of an essential advocacy trip to Washington D.C., FHCP commissioned Beacon Economics, a leader in the field of economic forecasting, to conduct a study of the park’s return on investment.
Working with Congress Member Xavier Becerra, FHCP submitted an appropriations request for FY 2011. Although the request moved out of the Transpiration Sub Committee, it did not make it to Appropriations. FHCP intends to submit another appropriations request for FY 2013.
With Planning Staff, FHCP president Laurie Goldman presented the park project to the Commission. The 3-D model of the Park was instrumental in describing the immeasurable benefits of the park.
In record time, 2 ½ weeks from the date of filing, the IRS granted FHCP their tax exempt status. FHCP became a 501c3 nonprofit organization and donations are tax deductible to the full extent allowed by law.
Meeting with then District 7 Director, Doug Failing, the FHCP technical committee presented the Park project to Caltrans. As a result, Caltrans provided their enthusiastic support for the Hollywood Central Park and remain unqualified partners of FHCP
Having incubated the park project, the Chamber stepped aside following the release of the Feasibility Study. On December 8, 2008 a group of 13 Hollywood stakeholders came together to form a nonprofit organization, Friends of the Hollywood Central Park to raise funds to build the Park. Founding FHCP board members included many members of the original Chamber park committee.
Can we build it? CRA/LA-Hollywood answered the call by agreeing to fund a significant portion of the feasibility study. The Chamber’s Park committee raised the remaining funds through the generosity of the neighborhood councils and corporate donors. It should be noted that the Chamber’s proposed park was 24 acres in size. However, through the foresight of Council President Eric Garcetti, he increased the park size to 44 acres when approval of feasibility study funding came before the City Council for a vote.
The Hollywood Central Park began as an initiative of at the Hollywood Chamber of Commerce. In 2007, the Chamber persuaded SCAG (Southern California Association of Governments) to craft a blueprint for progress by making the Park a demonstration project.