Eric Richardson [Flickr]

This former parking lot in South Park is scheduled to house a seven-story, 154,000 square-foot home for the Los Angeles Job Corps.

DOWNTOWN LOS ANGELES — After years of delay, YWCA Greater Los Angeles is preparing to break ground on a new South Park campus for the Job Corp program after receiving $82 million in federal stimulus funds.

The seven-story, 154,000 square-foot facility, to be located on Olive street between Olympic and 11th, will house a classrooms, a library, computer lab, medical facilities and residential units for 400 students.

YWCA has administered the Los Angeles Job Corps Program since 1965, operating out of a handful of buildings centered around a 13-story former hotel at 11th and Broadway.

The new facility has been a long time coming. YWCA acquired the site in late 2003 and planned to break ground the following year on what was then a $40 million project.

The $82 million comes in the form of a 20 year lease agreement for the site. The organization now plans to break ground this month, and a parking lot on the site has already been torn out.