On October 16, 2019, the Los Angeles County Board of Supervisors approved a facility lease with Bioscience Los Angeles County, Inc. for 4130 Overland Ave. the decommissioned county courthouse which formerly housed the Mayme Clayton Library and Museum. The lease will be free for the first five years, with options for three five-year extensions included in the agreement.
When Supervisor Mark-Ridley Thomas served an eviction notice to the non-profit MCLM, it was with the statement that the premises was needed for a constituent center.
Known as BioLA, the $4-million development will be paid for through discretionary funds from the Second Supervisorial District.
According to UrbanizeLA, BioLA is required to submit a business plan to the County’s Chief Executive Officer demonstrating its ability to cover operating and maintenance costs for the facility, and to make meeting and conference facilities available for use by the County at a reduced rate.
Promotional literature for the project includes “incubation space for 6-8 small enterprises.”
Alexandria Real Estate Equities, a Pasadena-based firm which specializes in properties catering to life science companies, recently purchased an office campus three miles south for $39 million.
The offices of Supervisor Mark Ridley-Thomas have not returned calls on requests for comment.