California To Become A Real Estate Developer?

With over $5 billion in unused real estate assets, the state of California proposes the assets, 'be managed like a high-quality real estate business.'

"Angelides cites as examples street-level parking lots surrounding Department of Motor Vehicles buildings throughout Los Angeles and the Bay Area. 'For example, if the state were to convert the block occupied by the DMV near Golden Gate Park to a mixed-use housing and retail complex, the project could create $25 million in returns for Californians,' says a paper describing the plan."

Thanks to Laura Kranz

Full Story: Intellectual Property

Comments

Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $25.
 Blockitecture Building Block Set - Garden City Series

Just In! Get the Garden City Expansion

New from Blockitecture! Create towers, cities, and dwellings with this set of architectural building blocks.
$75

City Coasters

Hand-drawn engraved maps of your favorite neighborhoods are divided up across 4 coasters making each one unique.
$36.00