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.
