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 | Sep 22, 2016
Construction firms pulling back from federal market due to new reporting rules
‘Subjective, very vague’ policies are said to create too much risk.
Codes and Standards | Sep 21, 2016
Airbnb presents legal liability for multifamily owners
How building owners can reduce risks.
Codes and Standards | Sep 21, 2016
Healthy buildings becoming a key design priority for both architects and building owners
Nationwide survey finds nearly three of four architects cite health impacts influencing design decisions
Data Centers | Sep 19, 2016
New ANSI/ASHRAE data center standard is performance-based, more flexible
The aim of the standard was to ‘not stifle innovation.’
Codes and Standards | Sep 16, 2016
Calm weather tidal flooding impacting several communities on East and Gulf Coasts
Local officials face the prospect of costly mitigation projects.
Codes and Standards | Sep 15, 2016
OSHA appoints new director for its construction directorate
The forty-year industry veteran has been a GC and business owner.
Energy | Sep 13, 2016
Oberlin College to hold conference on post-fossil fuel economy
The gathering will address climate change and new sources of energy.
Industry Research | Sep 12, 2016
Evidence linking classroom design to improved learning mounts
A study finds the impact can be as much as 25% per year.
Legislation | Sep 8, 2016
Half of U.S. states now allow design-build on public projects
Missouri is the latest to enact design-build legislation.
Codes and Standards | Sep 8, 2016
Vapor intrusion risk addressed in new ASTM guide update
The updates address industry confusion over how to handle the issue.