It's actually not. There are so many of you that think it's "so affordable" to just spend money to maintain something that is old and decaying. It's not. Every decision has context and it's not solely money. Northeastern wants to build amore modern facility for their athletic department. If they...
Would you be able to pay for it to keep it standing? I'm pretty sure a generous few million dollar a year donation would have been suffice to keep it standing. If not, then there is in fact a "too expensive"
Here's the wiki for the latest development in LA. Sort it by year to see all the high rises built from 2010 to now.
https://en.wikipedia.org/wiki/List_of_tallest_buildings_in_Los_Angeles
Again, that complex had nothing to do with rent control. All the above high rises from 2010s and onward...
Sorry what is the connection that rent control killed that development? I don't see it
In case anyone wants to briefly read up the history of Oceanwide Plaza (see ref links in wiki and article on how they exited their projects elsewhere to focus on the project in LA)...
Bro, I live here and I follow the LA development. The reason was because China Oceanwide Holdings Limited hoped to eventually get enough funding to finish this project by selling their other dev rights in other cities (NYC and SF) to finish it off, which was unsuccessful. By then, it has been 4...
Not to derail the thread any further.
It's not going to be easy. In LA, despite perception that it is not dense (it actually is very consistently mid dense across the entire city), the city fabric is covered in 5-over-1s. Obviously this would be a hard sell for Somerville (and in the Northeast...
Yeah no those towers have nothing to do with rent control and everything about the Chinese construction bubble that sapped available funding from the developer China Oceanwide Holdings Limited. We are talking about rent control and I'm giving you proof that it does not in fact prevent a boom.
I...
That's fear mongering. Rent control exists in Los Angeles for years and they are still building residential high rises today and had a significant boom in the 2010s
Half the country is waiting, specifically the blue half thanks to the current administration choking out investments into major cities. We best hope the midterm reverses some of the damage they have done.
https://www.boston.com/news/local-news/2025/09/22/trump-administration-cancels-20m-grant-for-roxbury-street-project/?p1=hp_featurestack
This administration suck but that's common knowledge already