Backers of Abandoned Little Saigon Bridge Face $250,000 Tax
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A developer may have abandoned plans to build a pedestrian bridge in Little Saigon, city officials said, but there are still bills to be paid for the project.
The City Council voted Tuesday night to levy a $250,000 tax on the group of property owners who had proposed to build a $3-million bridge spanning Bolsa Avenue.
That amount will cover the city’s cost of establishing a special tax assessment district, as well as related legal, financial and engineering fees, officials said.
If the bridge had been built, those fees would have been repaid by a bond issue. Under the plan, the city would have issued bonds to be repaid by a group of six property owners in the tax district over a 30-year period.
The property owners, however, have the option of paying the city the $250,000 by next month if they do not wish to be taxed, city officials said.
Frank Jao, a real estate developer who was heading the bridge-building team, dropped the project last week in response to complaints that a proposed design did not accurately reflect Vietnamese culture.
The 500-foot-long, 30-foot-wide bridge would have been a major landmark in Little Saigon, connecting the Asian Garden mall and the Asian Village Mall.
Jao was not available for comment Wednesday.
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