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You are here: Home » Resources » Articles » Who Will Pay For LA’s Retrofit Ordinance?

December 10, 2014

Who Will Pay For LA’s Retrofit Ordinance?

By Partner ESI

A PROPOSED PLAN REQUIRING MANDATORY RETROFITS OF WOOD-FRAME AND CERTAIN CONCRETE BUILDINGS IN LA…

…has been announced. It’s an important step towards creating a more resilient city, but concerns have been raised about who should pay for this effort. Finding creative financing solutions will be critical to the success of LA’s retrofit program. This week, LA Mayor Eric Garcetti formally proposed a plan to improve the City’s seismic safety and resilience by strengthening vulnerable buildings and infrastructure most at risk during a major earthquake. The proposal mandates retrofits of all buildings that the City has identified to be structurally weak, and also includes a recommendation to reinforce vulnerable telecommunications and water supply systems.

The plan, known as Resilience by Design, is LA’s most ambitious step yet toward protecting the city against major losses in case of the next major earthquake. The plan targets two structurally weak building types: requiring retrofitting within 5 years for wood-frames, soft-story multifamily buildings built prior to 1980, and within 25 years for vulnerable non-ductile reinforced concrete buildings built before that date.

The City performed a comprehensive inventory of LA’s soft-story buildings that identified close to 15,000 buildings that fall under the proposed ordinance. Upon approval of LA’s Resilience by Design plan, owners of such buildings will be notified and required to engage an engineer to determine retrofit needs to improve structural safety in the applicable timeframe.

Continue reading the GlobeSt blog here.

About the Authors

Partner ESI

Partner ESI

Founded in 2007, Partner Engineering and Science Inc., is the leading provider of engineering, environmental, energy, and construction consulting for the commercial real estate (CRE) industry. Touching 1 in 5 CRE transactions in the U.S., Partner is widely recognized as the largest and best provider of third-party physical due diligence reports, including Phase I Environmental Site Assessments, Property Condition Assessments, Seismic Risk Assessments, Zoning Reports, ALTA Land Title Surveys, and Construction Risk Management. Partner’s connectedness to the CRE market gives it an unparalleled view into CRE trends and risk management insights. Partner also provides a full suite of consulting services to support the entire real estate lifecycle, including: Geotechnical Consulting; Building Systems Consulting; Capital Management and Project Implementation Support; Environmental Health & Safety Consulting; Energy, Sustainability & Resilience Consulting; and Site Civil Engineering. With a responsive approach scaled for speed and agility, Partner helps clients manage risk, make smart investments, optimize asset performance, and win at their real estate investment strategies. Based in Torrance, Calif., Partner has over 1,400 employees in 40 offices around the globe.

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