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LA Budget Impacts on CRE
Los Angeles Mayor Karen Bass and the City Council recently approved a $12.8 billion budget for the 2024-2025 fiscal year. Budget cuts affecting staffing might lead to delays in permitting and inspections for commercial real estate projects, which could also affect security measures.
Read MoreLA Metro Responds to Rise in Crime
A pilot program in North Hollywood is testing new ideas for LA Metro to invest in, while the Metro Board votes to boost security on their transit lines. The system will begin testing a “Tap to Exit” program requiring riders to verify their paid fare as they leave the system. A recent report showed that most incidents on Metro are caused by those who do not have a valid fare. More will need to be done, but the status quo is unacceptable.
Read MoreCA CRE Alert: Significant Legislative Bills That Could Impact Your Business
BOMA Cal is actively engaging in advocacy efforts in Sacramento, focusing on pivotal bills that could influence the commercial real estate sector. Read more about the priority bills here.
Read MoreCalifornia Storm Produces 12 Inches of Rain
The atmospheric river that caused the California storms dropped record-breaking amounts of rain of the state.
Read MoreAtmospheric River Causes Flash Floods in LA County
After an extremely wet Sunday, rain will continue to fall on Southern California for the next few days.
Read MoreCalifornia Lawmaker Proposes Bill That Would Legalize Drinking on Public Streets
A bill proposed in the State Senate would allow for the consumption of alcohol in certain public streets and areas.
Read MoreMetro to Increase Services to Tackle Higher Demand
In response to growing demand, Metro will increase train frequency and hours of operation in the City of Los Angeles.
Read MoreMetro Releases Environmental Impact Report on Proposed Dodger Stadium Gondola
Los Angeles Metro has released an update on the proposed gondola that would bring people directly from Union Station to Dodger Stadium.
Read MoreDetails on the 10 Freeway Closure
Following a fire over the weekend, a portion of the 10 Freeway has been shut down for three to five weeks.
Read MoreBiden Announces Plan for Adaptive Reuse
The Biden Administration has announced plans for adaptive reuse by converting high-vacancy commercial buildings to affordable housing.
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