Water-Water Everywhere and Not Enough to Drink. LA Comes to Terms With Water Management.

Planning water management is a community effort.

LA county is building new homes but the infrastructure, and resources that support growth are dwindling. This requires fresh thinking and new approaches if the city and county want to continue our push to continue growing. The majority of the inland and coastal waterways in LA County are alarmingly polluted; our rivers and creeks now serve as concretized flood protection channels rather than vibrant, healthy wetland ecosystems; and our communities are over-reliant on expensive, inefficient water options such as imports, which contribute to greenhouse gas emissions and disrupt local wildlife, for water supplies.

Water pollution and the degradation of our inland and coastal waters are the symptoms of Los Angeles’ water problems; however, they are not the cause. Los Angeles has historically suffered from a profound lack of vision and planning when it comes to its water management, with initiatives largely fragmented, energy and resource-intensive, and disconnected from local communities. As a result, with California’s population growth, changes in climate patterns, and oversubscribed aquifer and river systems, cities like Los Angeles are pressed to find new sources of water. This fractured approach to water management is putting the region’s 10 million residents, our water-dependent economy, and the health of our waterways and watersheds at risk.  

Not only is urban and stormwater runoff the leading source of contamination of the region’s inland and coastal waters, but the loss of this water also represents a monumental waste of a potentially invaluable resource. Because of LA’s heavy urbanization and lack of open space, stormwater is not able to provide the critical function of recharging local aquifers. This results in an estimated 100 billion gallons of water annually that could be captured, treated, and stored for future use instead of wasted. The good news is that the best way to capture and reuse this water is by expanding green spaces throughout the region. Such nature-based stormwater solutions will also provide a myriad of other benefits to local communities – particularly underserved communities that are most park-poor – including reduced heat island effect, improved air quality, expanded recreational opportunities, reduced flood risk, enhanced wildlife habitat, and carbon sequestration.

Voters throughout Los Angeles County demonstrated their commitment to addressing urban runoff by passing Measure W (the Safe, Clean Water Program or SCWP), which starting in 2020 will provide approximately $280 million per year for multi-benefit stormwater projects. LA Waterkeeper played a lead role in the OurWaterLA coalition, which was responsible for placing the parcel tax on the November ’18 ballot. LA Waterkeeper’s Executive Director, Bruce Reznik, chairs the SCWP’s Scoring Committee, which is responsible for scoring all projects seeking SCWP funding and sits on the Central Santa Monica Bay Watershed Advisory Steering Committee (WASC), which is ultimately responsible for selecting projects that will receive SCWP funding in our jurisdiction.

Visit OurWaterLA to learn more about the program. 

#openspaces #lawaterkeepers

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LAwaterkeepers is currently working with their community partners to improve the program and ensure funding is directed towards nature-based, multi-benefit projects, particularly in disadvantaged communities (DAC). It has to be a community effort to solve this problem.

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The water resources we waste could solve many problems in the community.

Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association, or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.

OceanWide Plaza to Evergrande: China Crash Infects Los Angeles Real Estate and U.S. Stock Market

OceanWide Plaza Downtown Los Angeles zombie project remains in purgatory

REAL ESTATE NEWS

The Wu Flu isn’t the only alien virus making us ill. Contagion from communist China’s property market collapse is making made U.S. property markets sick.

Fallen giant Evergrande has been called the “Leman Brothers of China,” referring to the collapse of a business that is too big to fail, yet allowed to fail anyway. Communist China is having an economic meltdown, starting with massive crash of China’s fake, ghost city real estate industry, tofu-dreg buildings that collapse or topple over, along with China’s other communist-style national ponzi schemes, long papered over by cooked books. Evergrande, Fantasia and Kaisa are the first three large losers in China’s real estate collapse.. Communist mainland China has been infecting U.S. real estate for some time. China-controlled OceanWide Plaza in Downtown Los Angeles has been too broke to pay its bills for years. The project has been on again since it began, and began sputtering down in 2016. Today, it sits half-built, and decaying amid growing weeds.

While Downtown Los Angeles real estate prices are now rising, the entire U.S. housing market is increasingly phony, propped up by inflation. The real health or lack thereof must be gauged by examining a broader spectrum of signs, such as the declining health of real estate companies a compared a few years ago. Zillow is experiencing a zombie-like sickness of its own, which some blame on the companies overzealous and backwards attempt to be an ibuyer flipper and broker in one, when the tech company could have invested in newer technology instead. While Zillow did make a mistake by investing in low tech instead of researching and integrating new high tech such as AI, deep learning, quantum computers and blockchain smart contracts, Zillows rapid blunder was greatly exacerbated by the obscured cooling of global real estate amid a new era of stagflation.

Investors Sell Off Chinese Real Estate

Business Markets Evergrande China

China Real Estate Evergrande Group

Why China’s Real Estate Crackdown is Alarming Investors

Asian shares extend losses as China worries darken sentiment

Understanding Evergrande, the Chinese Real Estate Conglomerate Nearing Collapse

Evergrande collapse could have a ‘domino effect’ on China’s property sector

Chinese Real Estate Company Could Default $300B; What It Means for World Economy

China’s Property Problems Beyond Evergrande. Real Estate Stocks Take Beating

The loft blog expects a lackluster real estate market for years to come, with continuing reliance on inflation to provide only an illusion of real growth. The good news is that January of 22 is expected to offer at least a glimmer of hope to the city of angels, with the possibly of real growth if the city focuses on cleaning up its act.

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Mainland China’s Communist Ills Infect Global Real Estate