If You Build It, They Will Stay

Op-Ed by Newhall CEO Thomas Lee calls for changes in LA's development process and changing perceptions of high density.
June 13, 2000, 4pm PDT | Chris Steins | @urbaninsight
Share Tweet LinkedIn Email Comments

Greater Los Angeles has a job growth rate that is luckily keeping pace with its explosive population growth, but a lack of affordable housing is driving local workers to reside in the outlying areas and threatening future economic prosperity. Thomas Lee argues that a lack of available urban land, an overly complicated and expensive entitlement process, and uncooperative municipal governments combine to force development on the urban fringe. Lee calls for changes to the development and CEQA processes in LA County, fiscal reform, and increasing density in urban areas. Thomas L. Lee is chairman and CEO of the Newhall Land and Farming Company, which is developing the new towns of Valencia and Newhall Ranch.

Thanks to Laura Krafft

Published on Tuesday, June 13, 2000 in California Real Estate Journal
Share Tweet LinkedIn Email