Yesterday, the LA Council gave the go-ahead to change downtown building rules. Excerpt from the LA Times: "The new rules encourage developers to build high-rises without leaving space between the buildings, allow them to reduce the size of lobbies and other communal areas, let them build closer to sidewalks and make it legal to build extremely small units. " If developers reserve a certain number of units for low-income residents, they are exempt from some of the requirements. Among other things, the new rules could extend development southward, but one thing that hasn't been definitely answered: Will the new rules actually help keep downtown affordable?
· L.A. moves toward more N.Y.-style downtown [LA Times]
· You Call That Small? Tiny Is the New Black [Curbed LA]