It’s likely that Los Angeles voters approved two ballot questions that would earmark billions to address traffic tie-ups and homelessness, the Los Angeles Times reported.
The measures would provide funds to building many new rail lines and creating new permanent housing for the homeless. In order to become law, the two questions must be approved by a two-thirds majority. Final ballots were expected to take a few days to be counted, but it appears that the measures have been approved, the Times says.
The ambitious housing plan calls for borrowing $1.2 billion to construct homes. The money would be used to speed up construction of permanent supportive housing for chronically homeless people. Dedicated bonds would be repaid via a new property tax of about $9.64 for each $100,000 in assessed valuation each year over 29 years.
The transportation measure would raise county sales tax by a half-penny, generating about $120 billion over four decades for new highway projects, and expanded bus and rail lines, including boring rail tunnels through the Sepulveda Pass.
Related Stories
Codes and Standards | Apr 19, 2019
Developers and owners can now join AIA 2030 Commitment
Organization offers tools and resources for working toward net-zero design.
Codes and Standards | Apr 19, 2019
New method of manufacturing cement removes CO2 from the air
Breakthrough could have significant impact on reducing greenhouse gas emissions.
Codes and Standards | Apr 12, 2019
Deadline nears on New York City sprinkler requirement for tall office buildings
The mandate applies to all buildings regardless of when constructed.
Codes and Standards | Apr 8, 2019
LEED v4.1 now available for cities, communities, residential/homes
The rating system emphasizes performance monitoring, fully integrated design, social equity, and human health.
Market Data | Apr 8, 2019
Engineering, construction spending to rise 3% in 2019: FMI outlook
Top-performing segments forecast in 2019 include transportation, public safety, and education.
Codes and Standards | Apr 5, 2019
Manhattan expected to adopt congestion pricing plan for automobiles
New York would be first U.S. city to charge drivers extra for downtown motoring.
Codes and Standards | Apr 4, 2019
Chicago makes major building code overhaul
Previous comprehensive changes were done 70 years ago.
Codes and Standards | Apr 3, 2019
Construction advanced materials makers can enhance industry efficiency with technology
Integration of new IT approaches in construction with new materials has potential to enhance sustainability, alleviate worker shortage.
Codes and Standards | Apr 2, 2019
Open offices reduce collaboration among employees
Counterintuitive finding makes value of wide open workspaces questionable.
Codes and Standards | Mar 29, 2019
New timber traceability LEED credit released
Pilot credit aims to reduce use of illegal wood in buildings.
