Budokan*
Los Angeles, CA
Terasaki Budokan is a multi-purpose community facility that evolved from a 1994 community planning session conducted by the Los Angeles Community Reinvestment Agency (CRA).
Coined “A Home Court for All,” the facility provides a vibrant and safe space for community residents to participate in sports programs, after-school programs, health and wellness activities, arts and culture programs and a wide array of special events. Programming at the facility occurs 15 hours per day, seven days a week, and supports an estimated 30,000 visits annually.
The facility’s array of services benefits low-income youth and families, including open gym time, after-school programs, wellness programs for seniors, arts, and cultural programming, and regularly scheduled special events. Approximately, 5,000 hours of facility use time are allocated for these services annually. Budokan also plays a role in addressing health challenges, including obesity and heart disease, prevalent in the area. As a major venue for large scale sporting events, tournaments, and special events, Budokan draws many people from around the region and generates significant economic impact to the area. Businesses, shops, hotels, and restaurants in the vicinity also benefit from the large number of visitors brought to the area.
This institution is an equal opportunity provider.
Quick Facts
Square Footage: 51,617 SF
Total Investment: $32,848,683
Developer / Owner: Little Tokyo Service Center (LTSC)
Allocatees: MBS Urban Initiatives CDE, Opportunity Fund, Los Angeles Development Fund
NMTC Equity Investor: US Bank Community Development Corporation
Architect: Gruen Associates
Direct lender and leverage lender: Genesis and LTSC
Projected Construction Jobs: 135 FTEs
Projected Permanent Jobs: 20 FTEs
Community Partner(s): City of Los Angeles, Little Tokyo Community Council, Downtown Los Angeles Neighborhood Council, Historic Neighborhood Council, NEW Economics for Women, Los Angeles Conservation Corps, YouthBuild