Click Here to Sign Up for CES Action Alert' Email Mailing List
Become a CES Member!
616 Shatto Place
Los Angeles, California
Coalition For Economic Survival
14320 Ventura Blvd. - PMB 537
Sherman Oaks, CA 91423
Like Us on Facebook
Follow CES On Twitter
Who Should Pay for Earthquake Retrofitting — Tenants or Landlords?
KNX-1070 News Radio Los Angeles
Reporting by: David J. Singer, KNX 1070
LOS ANGELES (CBS) — The Los Angeles City Council Housing Committee considered a Housing and Community Development Department proposed compromise in which building owners and renters would share the financial burden equally of earthquake retrofit cost that will be mandated for some 13,ooo concrete and soft story apartment buildings in Los Angeles. Under the plan, tenants would face rent increases over a 10-year period, with a maximum increase of $38 per month.
KNX Newsradio’s David J. Singer talks with Coalition for Economic Survival Executive Director Larry Gross on the impact this could have on tenants.
Gross said, "Clearly everyone wants to see these buildings made safe. But the key question here is who pays, how much and for how long."