Stalled Housing Production In California?

The key factor developers cite for the glut in housing construction here in L.A. is cost--a term not limited to land, material or labor expenditures but one that encompasses all aspects of the development process, particularly time. Those concerns were further compounded with the Governor's approval of last session's SB 975 (a bill which mandates prevailing wage for projects receiving public funds). To flesh out the possible ramifications of SB 975, The Planning Report brings together Tom Gilmore, Julie Bornstein, Nick Cammarota and Jan Breidenbach, who share their views on how it will change California's development climate.