For years a chain-link fence surrounded the contaminated 25-acre lot near the junction of Interstate 5 and California 118 in Pacoima, a daily reminder of the thousands of well-paying manufacturing jobs lost to Mexico in the last decade.

After a complex clean-up effort, detailed in an 8-foot-high stack of documents, officials on Thursday broke ground on a $78-million project that economists hope will provide a much-needed retail hub in one of the San Fernando Valley’s most impoverished communities.

Known as Plaza Pacoima, the 209,000-square-foot project will feature the first Costco built in Los Angeles in a dozen years. It will also include a Best Buy and other stores, plus restaurant and office space. It is expected to create 438 construction jobs and 354 permanent positions at a time when many projects are on hold.

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