LOS ANGELES (AP) — Los Angeles port officials have unveiled plans to create a $500 million marine research center, called AltaSea.
The project formally announced Monday will be built on a 100-year-old pier on the San Pedro waterfront.
The center will take 15 to 20 years to complete, using 28 acres to house labs with circulating seawater, classrooms and support facilities.
The center will be built in two phases. The first phase, which will cost $155 million and is anchored by the Southern California Marine Institute, is expected to be completed in 2018. Funding includes a $25 million gift from the Annenberg Foundation to kick off the development. Officials say it will create about 1,000 construction jobs.
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