Logistics Industry Faces Challenges, More Vegas Train Political Support, and State Deals With Water Issues
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Logistics Industry Under Fire?
- Half-century focus on logistics industry centered on Los Angeles and Long Beach may have been a mistake
- Factors such as enlargement of Panama Canal, emergence of India as supplier of goods, and labor conflicts pose potentially existential threats.
Doheny Desalination Plant Could Increase California's Drinkable Ocean Water Supply by 10% in Five Years"
- California has a small fraction of its tap water coming from seawater, despite its long coastline and size comparable to Saudi Arabia.
- The construction of the Doheny Desalination Plant could increase the state's drinkable ocean water supply from 55 million to 60 million gallons per day over the next five years.
Apple Valley Town Council to Decide Fate of Proposed Gated Community
- The planning commission has approved the Deep Creek Estates project with a 3-1 vote
- The project involves a zone change and development plan amendments on a 120-acre parcel currently zoned residential agriculture for a single-family residential unit community.
Brightline Plans to Build America’s First True Bullet Train Between Las Vegas and Southern California
- Brightline, the company behind the project, plans to begin construction on a bullet train between Las Vegas and Southern California by the end of the year.
- The 218 mile-long train will run along Interstate 15, completing a trip from Las Vegas to Rancho Cucamonga in just 2 hours and 10 minutes at speeds of nearly 200 miles per hour.
Southern California's Homebuying Frenzy Not Reflected in Real Estate Valuation Metrics
- Bidding wars are rampant in Southern California's housing market this summer.
- However, current real estate valuation metrics do not seem to reflect such a frenzy, which may be due to the use of median selling prices as a benchmark.
California legislature passes pro-housing laws to close legal loopholes
- Two major pro-housing bills were sent to Gov. Gavin Newsom last week
- Assembly Bill 1307 addresses a bizarre appellate court ruling that allowed anti-housing interests to misuse the California Environmental Quality Act, while Assembly Bill 1114 closes a unique anti-housing loophole in San Francisco.
California's Housing Affordability Crisis Spreads Beyond Coastal Cities
- Inland areas such as Modesto, Bakersfield, and Stockton are significantly less affordable compared with the national average
- Rising prices have put housing out of reach for those with limited means in most parts of the Golden State, fueled by coastal residents seeking more affordable options further inland.
Related:
San Bernardino Agrees to Update Housing Plan Following State Legal Threat (Source)
California's popular grant program for low- and moderate-income homeowners to build accessory dwelling units (ADUs) may receive $25 million in new funding. (Source)
Biden Administration plans to use infrastructure funding for high-speed rail lines (Source)
Federal Reserve Anticipates Moderating Housing Costs May Drive Disinflation, but National Housing Shortage Could Spoil Expectations (Source)
California Senate Passes Bill to Accelerate Approval of Energy Transmission Projects (So
CA Lawmakers Vote to Rezone Land for Affordable Housing Amid Homeless Crisis
- Legislation would allow religious institutions and nonprofit colleges in California to convert their properties into affordable housing.
- The move aims to address the state's homeless crisis, which has left around 171,000 people homeless in California, accounting for 30% of all homeless people in the US.
California officials introduce new framework for urban water use
- New framework may require some suppliers to make cuts of 20% or more as soon as 2025
- Many suppliers located in historically struggled to meet conservation targets in rural areas