The city has agreed to negotiate with three Westside property owners who want to sell land in the redevelopment area.
If the city buys the land, it will probably be resold to manufacturing or industrial companies, said Roger Anderman, assistant executive director of the Redevelopment Agency. "We don't think this land will be vacant for long," he said.
The three parcels, totaling about 7.5 acres, are Randall Boatworks, 2045 W. Anaheim St.; Cavin Auto Wrecking Yard, 2100 W. Pacific Coast Highway, and a six-unit apartment building at Seabright Avenue and West 16th Street.
Land costs and moving expenses for tenants will be paid by the Redevelopment Agency.
Also this week, the Redevelopment Agency scheduled a July 16 public hearing with the City Council on the proposed Shoreline Square project after reaching a development agreement with Shoreline Square Associates.
The proposed development would include a 24-story office building and a 500-room hotel on the downtown block bounded by Ocean and Long Beach boulevards and First and Elm streets.