Bass Looking Into Pause On Measure ULA For Postfire Rebuilding

Measure ULA has been maligned as a thorn in Los Angeles commercial real estate's side since it went into effect about two years ago.

But the rebuilding effort following January's fires might offer city leaders a way to freeze the measure's implementation, at least temporarily, Mayor Karen Bass indicated last week.

“We’re looking into that,” Bass said when asked about the possibility of suspending Measure ULA by a Breitbart News reporter at a press conference on Tuesday.

“There’s two schools of thought,” Bass added. “One is, is that can’t happen, it has to go back to voters. And the other is, is that it might be able to happen, with action from the council and the mayor’s office. So we’re having that investigated through our attorneys right now.”

Zach Seidl, the mayor’s communications deputy, didn’t answer specific questions from The Real Deal about the effort but told The Real Deal Friday, “We are going to look at every possible option to support fire survivors and accelerate recovery.”

Measure ULA aimed to raise up to $1.1B in tax revenue to build affordable housing and fund efforts to house homeless Angelenos. However, it only raised about $300M in its first year, TRD reported.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Los Angeles Newsletters
Related Stories

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

How Long Island Projects Can Cut Through Red Tape And Community Opposition To Cross The Finish Line

Developers Riding The Surf Park Wave With Resorts, Retail And Residences

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

Immigration Crackdowns Dealt LA Businesses A Multimillion‑Dollar Blow

Fined For Rotting Food At Burned LA Cold Storage Warehouse, Lineage Plans To Rebuild

NYC Stops Construction On Another Office-To-Residential Conversion As Inspectors Descend On Job Sites

Rexford Planning Up To $2B In Dispositions This Year

Logos Faith Development Plans 15 Groundbreakings In 3 Years: The Los Angeles Deal Sheet

Culver Commons To Bring New Dining, Retail Options To Bustling Suburban Los Angeles Location

Sony Reopening Hollywood ArcLight, Cinerama Dome Theaters