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Wednesday, October 15, 2025

Rick Caruso unveils plans to rebuild Pacific Palisades; steps underway to convey neighborhood again after wildfire


PACIFIC PALISADES, LOS ANGELES (KABC) — As hearth particles is cleared and Pacific Palisades begins its transition from a catastrophe zone to an enormous development website, eating places and shops have begun to reopen.

“The journey forward goes to be difficult. Now we have quite a lot of work to do to rebuild, getting our vans out and in. It may be busy. However the coronary heart and soul of the Palisades neighborhood is powerful, vibrant, united,” mentioned Larry Vein, the Govt Director of the Pali Robust Basis.

Rick Caruso says he desires his Palisades Village purchasing heart to not solely convey folks again but additionally function a spot the place the neighborhood can see that the longer term is brilliant. On Wednesday, Caruso introduced that the longtime Palisades clothes retailer, Elyse Walker, which burned within the hearth, will reopen at Palisades Village.

“Nice retailers do not make strikes even when they’re emotionally related until they know there is a thriving future and that is what Elyse is aware of right here. The Palisades is actually gonna get accelerated, and we’re gonna create an financial engine for this entire block right here, and we wish the retailers throughout us to open up, and we wish it to additionally spur exercise in Altadena and Malibu. Simply because there’s nice devastation doesn’t suggest you possibly can’t have nice financial progress and produce a neighborhood again,” Caruso mentioned.

Caruso’s firm can be committing roughly $50 million to improve Palisades Village and enhance the encompassing streets and sidewalks. Though hundreds of Palisades residents are at present residing somewhere else as a result of they misplaced their properties, Caruso believes a vibrant retail district will expedite the neighborhood’s restoration.

“A win-win for town. A win-win for the councilmember. A win-win for the mayor that these enhancements are getting in. So I am hoping they’re going to minimize the purple tape. Now we have to design it to metropolis requirements and metropolis code, which we’ll do, and be respectful of that. However, I need them to expedite it as a result of this neighborhood wants that enhance and people retailers throughout the road want that enhance,” mentioned Caruso.

“This can be a essential day for us, seeing {that a} new retailer is coming again to our neighborhood… That sense of consolation we have now going to an Elyse Walker retailer. It offers us hope and promise. We all know that we’ll be again,” mentioned Vein.

Palisades Village plans to reopen in 2026.

When requested about his political future within the metropolis of Los Angeles or the state of California, Rick Caruso mentioned he will not decide about politics till properly after the summer season.

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