It will take some innovation, determination and vision on the part of city and community officials to make this potential opportunity a reality. The Economic Alliance of the San Fernando Valley is currently drawing up a plan for the corridor of Interstate 5 through this portion of the Valley. City leaders should heed those recommendations as they put together a plan for the fields of opportunity in the Northeast Valley.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREThe joys and headaches of holiday travel: John PhillipsIt could happen – with the right leadership. The Northeast Valleys’s main resource is what the rest of L.A. lacks: open space. And depending on how city and community leaders act, it could become a field of dreams. Robert Scott, director of the Mulholland Institute and a longtime activist who has fought for Valley interests, says the region represents the best bargain in town. But that relative bargain is contingent on smart planning that would encourage a mix of development, rather than all housing or all industry. This wouldn’t only be a boon to the Valley. The city has been losing jobs for nearly three decades, a total of about half a million, even while it has added residents. That has put pressure to build housing, even if it meant displacing industry and business. But lopsided growth makes for a lopsided city. TYPICALLY, the northeast San Fernando Valley communities of Pacoima, Panorama City, Lake View Terrace and others haven’t experienced the same economic opportunity and prosperity associated with many other areas of Los Angeles. It’s a region of modest neighborhoods populated by the city’s working families, surrounded by dead factories, wrecking yards and other heavy industrial uses. For years, we have labeled the Northeast Valley as ground zero for measuring the city’s commitment to its neighborhoods, and finally the civic leadership shows signs of responding. The tremendous potential of this area is now being recognized by Valley and city leaders who envision it as an economic mecca, thriving with industry, stores, services and homes.