Outlook for the Proposed Union Station Entertainment Center

MCA, Inc. and The East Los Angeles Community Union (TELACU) jointly retained Harrison Price Company (HPC) to conduct a preliminary feasibility analysis of the Phase 1 redevelopment of historic Union Station in Los Angeles, California as an entertainment center. HPC’s report has six sections: Section 1, introduction; Section 2, an evaluation of the subject site and project concept; Section 3 an examination of the size and characteristics of available market support; Section 4, Attendance and visitor expenditure estimates along with physical planning recommendations; Section 5, preliminary financial analysis, including estimated operating revenues and expenses, site rehabilitation costs, and residual funds available for site acquisition; and Section 6, summary of major conclusions and recommendations