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Building Costs

CALIFORNIA | LOCAL
July 8, 2007 | Evelyn Larrubia and Howard Blume, Times Staff Writers
The Belmont Learning Complex was envisioned as one of a kind. It would combine the city's first new high school in nearly 30 years with housing and retail development -- extras that could raise money to help cap construction costs at about $45 million. When the school opens in 2008, at least nine years behind schedule, it will indeed make history -- with its cost.
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CALIFORNIA | LOCAL
February 21, 2007 | Dave McKibben, Times Staff Writer
A coalition of 20 faith-based organizations, environmental groups and labor unions has created a community development agreement that would compel builders in the Anaheim sports district to meet prevailing wage standards and construct low-cost housing and child-care facilities. The deal would be similar to one in San Diego in which homes, shops and offices were built around the Padres' new downtown baseball stadium, Petco Park.
CALIFORNIA | LOCAL
November 11, 2006 | Dave McKibben, Times Staff Writer
On the observance of Veterans Day, Habitat for Humanity announced it will sell homes in southern Orange County to wounded service members and families of those who have been killed in action. The nonprofit organization has built 120 homes in the county for low-income families since 1988, but has never targeted veterans with combat-related injuries and their families. "This is a segment of the community that sometimes gets overlooked," said Sharon Ellis, Habitat's Orange County director.
NEWS
August 6, 2006 | Susan Gallagher, Associated Press Writer
Frank Baril works two jobs in this vibrant college town north of Yellowstone National Park but still can't afford to buy a house. "It's hard to afford anything here," said Baril, a Salvation Army family services administrator who also puts in about 40 hours a week giving music lessons. Even that much work leaves Baril, 50 and single, hard-pressed to buy in a town where the median home price shot to $268,500 last year, surpassing Portland, Ore., Denver and Minneapolis, among others.
REAL ESTATE
June 11, 2006 | Gayle Pollard-Terry, Times Staff Writer
DIMITRY ROSHKOVAN, a Woodland Hills contractor, believed he had a big job lined up last fall. But in the six months it took the client to hire an architect and have blueprints drawn for a large addition, Roshkovan's estimate went from $170,000 to $250,000 and the Northridge homeowner abandoned the project. The contractor blames at least part of the increase on the soaring prices of building materials, which generally account for about 30% of the cost of a major home-improvement project.
REAL ESTATE
December 11, 2005
"Redos and Don'ts" (Dec. 4) quotes a real estate agent saying that if your building costs are $250 to $350 a square foot, it's worth it to add on, "especially on the Westside, where space is selling for $750 a square foot." What the agent fails to calculate is that the $750 per square foot includes both the dwelling and the land value. One must separate the land value prior to making the calculation to determine whether it would be financially advantageous to enlarge the home. PHIL KANTOROVICH Brentwood
CALIFORNIA | LOCAL
July 14, 2005 | Deborah Schoch, Times Staff Writer
A proposed charter school must reimburse the Port of Los Angeles thousands of dollars for building renovations made by the port despite the state's warnings that the work was illegal. The charter high school intends to lease a port building in San Pedro and begin classes this fall.
CALIFORNIA | LOCAL
May 18, 2005 | Gregory W. Griggs, Times Staff Writer
Like any property owner who has built a home from the ground up, Ventura County Community College District administrators are realizing costs always seem to climb. International steel shortages, higher raw material prices and inflation have pushed up construction and renovation costs at the campuses in Moorpark, Oxnard and Ventura.
REAL ESTATE
February 20, 2005 | From Times wire reports
Burdensome state and local regulations hurt efforts to build housing that is affordable for low- and middle-income people, and the problem has only worsened during the last decade, according to a study from the U.S. Housing and Urban Development Department. "Why Not in Our Community?" reports that regulatory barriers -- from fees levied on developers to environmental regulations used to oppose development -- can boost building costs by as much as 35%.
ENTERTAINMENT
February 20, 2005 | Christopher Hawthorne, Times Staff Writer
The tortured attempt to finish a new eastern half of the San Francisco-Oakland Bay Bridge is looking more and more like a West Coast cousin of Manhattan's Ground Zero: a rebuilding project at a prominent site that began with talk of bold, uplifting design only to be bogged down by a depressingly familiar kind of politics and profiteering. The new bridge, budgeted when it was approved in 1998 at $1.5 billion, is now pegged at $5.
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