NEW: 3,400+ San Francisco buildings may be at severe earthquake risk, according to an unpublished list obtained by NBCNews. The list includes Twitter HQ and Coit Tower.
in the value of commercial real estate in the city. Wide recognition of the earthquake risks of older concrete buildings could be another blow.
It could be so expensive that some owners will choose a wrecking ball, said Robert Kraus, a structural engineer in San Francisco who helped create the inventory of the buildings.700 Steiner street, right, next to the "Painted Ladies.
In 2017, condo owners in West Hollywood, a city in Los Angeles County, were so aghast by the cost that they lobbied their city council toIn San Francisco, it’ll be up to the city’s mayor and board of supervisors to decide whether to make retrofits mandatory, and if so, what the deadline should be. Engineers expect property owners to have decades to comply.
“You’re talking about people potentially needing to be displaced while the retrofits are happening, and that’s not something people want to hear,” Stringer said. Zamudio said most renters have no idea of the concrete-related risk or of the chance that they might need to relocate during a retrofit.
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