Current status: Little Tokyo Service Center (LTSC) is in the midst of a $23.5million capital campaign to raise the funds to cover the costs of construction.
In October 2014, LTSC and the Budokan project received $1million grant from the County of Los Angeles through Proposition A. The campaign is now over the 50% mark to completion!
Funding: Over 50% (roughly $12.7million) of the funds have been solidified through public sources as well as individuals. A source to fund the last 25% has been identified leaving $5.1million left to raise of the overall goal.
The remainder of the funds will come from the following sources:
1) Public funding: City, County, State, Federal
LTSC is looking to raise the remaining funds by early 2016.
Real Estate: In December 2015 he entitlement process with the City of LA was approved and completed! The entitlement process was to obtain permits through the City of Los Angeles, to gain clearance for what LTSC is planning to build.
LTSC plans to breakground in the 2016.