New Markets Tax Credit Coalition

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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

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