New Markets Tax Credit Coalition

Search

Terasaki Budokan

Financing for Budokan, a multi-purpose community facility in a highly distressed area of downtown Los Angeles.

Investment

  • NMTC Amount: $30,482,000
  • Total Project Cost: $32,065,683

IMPACT

  • 20 FTE jobs
  • 135 construction jobs

Investor

Project Description

Budokan is a multi-purpose community facility in a highly distressed area of downtown Los Angeles. It’s a a state-of-the-art sports and activities center providing critically needed recreational space for low-income youth, and a safe and accessible community gathering space for local residents of all ages.

MAP

Address: 249 South Los Angeles Street, Los Angeles, CA 90012

Census Tract: 6037207302

Site Visits

Congressman Gomez visits Terasaki Budokan

Nov-2018

Other California Projects

New community center expands opportunity for thousands of children in historically disinvested community.
Construction of a business center supporting 26 new permanent full-time-equivalent jobs.
NMTC financing helped Orange County High School of the Arts expand and increase enrollment.
NMTC financing supported the construction of the MacArthur Park Transit-Oriented Development