City officials in Los Angeles are considering a plan to repair the city's crumbling sidewalks by forcing homeowners to pay for their repair when the property is sold.
"Under the proposal, homeowners would be forced to replace the damaged pavement -- or pay the city a fee -- when they sell their property, before the close of escrow."
"The City Council's Public Works Committee got its first look Wednesday at the "point of sale" plan, which could cost the average homeowner as much as $15 for each square foot of sidewalk, and dramatically shift the burden for such repairs from city government to the private sector."
"The proposal is backed by Service Employees International Union Local 721, which said it would address a growing backlog of repairs while boosting economic development in the city."
"'It's probably the only way of addressing the problem in a comprehensive way,' said SEIU policy coordinator Teresa Sanchez, whose union represents about 11,000 city employees."
"Several members of Southern California's real estate lobby hate the idea, saying it would complicate a real estate market already gripped by foreclosures and "short sales" -- sellers unloading their property at a loss."
FULL STORY: City to pass the bucks on sidewalks?
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