It's a long-ass, shady as hell new ordinance on the LA City Council agenda today. Looks like a GREAT day to be a developer with all the right connections with LAANE/CRA/Villaraigosa and his connected cohorts in the high density housing business.
It'll take a minute to type up a comedy review exposing all the shady angles, but basically, if you agree to add 10% affordable housing; a developer can increase density by 20% on your project. 20% affordable housing=35% added density "bonus" (incentive).
PLUS, the developers can now get more State and Federal grant money for these projects. And I'll re-post the threads from last summer about "there is a lot of profit to be made in the non-profit, affordable housing racket.)
Click here for today's agenda item on "density bonus" that will bring the city to a grinding halt, and create so much over crowdedness that crime is certain to skyrocket.
And oh yeah, are you adding 35% more roads, police, fire, trash collection AND WATER!!! THERE IS NOT ENOUGH WATER TO ACCOMMODATE ALL OF THIS ADDED DENSITY -- AND YOU KNOW THIS. AND YOU WILL NEED WATER TO COOL YOU OFF BASED ON WHERE YOU ARE ALL HEADED FOR THIS. Besides the infrastructure -- THIS WILL CAUSE A SERIOUS WATER PROBLEM!!! WARNING...WARNING...THIS IS NOT A TEST!!!
click here for zd updates throughout the day and night. shadiness never sleeps, so I can't either!