The reopening of an 11-mile stretch of highway will offer greater access to Malibu and Pacific Palisades and marks a key step forward in fire recovery efforts.

Two lanes in each direction have opened, with a 25 mph speed limit between Temescal Canyon Road in Pacific Palisades and Carbon Beach Terrace in Malibu, according to the California Highway Patrol.

After a wildfire catastrophe, California's iconic Pacific Coast Highway is reopening ahead of Memorial Day weekend.

A report recently released by Beacon Economics and the Pepperdine School of Public Policy says that since the Palisades Fire, local shops have seen an average 70% decline in businesses. So have restaurants and bars, where, on the aggregate, sales are down about $7.6 million dollars a month.