Among the buildings that have been repurposed is the infamous Cecil Hotel.
examining strategies to reverse Los Angeles’s critical housing shortage found repurposing commercial buildings, such as hotels, motels and vacant offices, could greatly increase available units.
Researchers at the RAND Corporation, which published the report, said that such adaptive reuse could provide 9% to 14% of the housing L.A. County needs to build over the next eight years. Of the available options, hotels and motels would be the most feasible, said Jason Ward, the study's lead author and an economist at RAND, in a statement. Existing rooms could simply be converted into housing units.
The availability and usability of vacant office space, however, depends largely on local real estate prices and developers’s plans for the units.“The economics and logistics of such projects are complex,” said Ward. “Significant incentives for the conversion of these properties to both market-rate and affordable housing may be needed.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Arizona Republicans pushed hard for a voter proof-of-citizenship bill and why it mattersRepublican legislators want Arizona's new voter proof-of-citizenship law to turn into a fight that could help overturn a 2013 Supreme Court ruling.
Read more »
Opinion | Why Elon Musk is buying up TwitterFor Musk, it is easier to buy Twitter than to start his own platform.
Read more »
This Is Why Women Cheat — Best LifePsychologists reveal the reason why women cheat is because of a lack of an emotional connection in their relationship.
Read more »
Why A Gut Health Expert Loves Blueberries For The SkinHere’s why gut health expert drkellyann loves blueberries for the skin. 🫐
Read more »
Why Ketanji Brown Jackson’s Supreme Court Nomination Is Good for Forensic ScienceMany factors contribute to wrongful convictions, but one of the more pernicious forces is the sorry state of forensic science.
Read more »
Why Kansas' anti-trans bill may be too bigoted to prevail.thereidout Blog: Even some Republicans are taking issue with the bill, which seeks to bar trans girls from participating in girls' school sports.
Read more »