For years, Angelenos have heard that the “big one” is coming. But are buildings able to withstand 6.7 or greater magnitude earthquake? And if they are, will the cost of retrofitting them get passed directly to tenants? The Los Angeles City Council is exploring ways to help property owners finance seismic retrofits this week, the Los Angeles Times reported. The retrofits are required by law in roughly 15,000 buildings. Retrofits can cost $130,000 for wood-frame […]
source https://therealdeal.com/2018/03/23/la-looks-for-ways-to-help-property-owners-finance-seismic-retrofits/
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