Paramount unveils major redo of its Hollywood lot


Paramount Pictures said today it will seek city approval for a 25-year makeover and expansion of the 56-acre studio lot on Melrose Avenue, the last of the big studios actually located in Hollywood. A new headquarters building and modernized soundstages are part of the plan, which also includes six nearby acres. Most of the lot would remain as it is today, the studio says. Paramount estimates the work it envisions will total $700 million in investment and create 7,300 construction jobs.

More by Kevin Roderick:
Gustavo Arellano, many others join LA Times staff
Power out Monday across Malibu
Put Jamal Khashoggi Square outside the Saudi consulate on Sawtelle
Here's who the LA Times has newly hired*
LA Observed Notes: Clippers hire big-time writer, unfunny Emmys, editor memo at the Times and more
Recent Hollywood stories on LA Observed:
Racism on film, and in the street
A non-objective observer at the Olivia de Havilland v. FX trial
Charles Manson dies 48 years after the murders that changed LA
Disney cancels ban on working with LA Times
'Human Flow' is beautiful and devastating to watch
Why we never see a movie where the dog dies
LA Observed Notes: Arellano out, Weinstein expelled, Sarah Polley talks truth
Standing up to Harvey Weinstein


LA Observed on Twitter