April 9, 2024
by Staff
Price Tag Probably Not Based on Standard ‘Design-Build’ Contracting Method
By Geoff Page
The City of San Diego held its fourth OB Pier Renewal Community Workshop, Saturday April 6, during which the public got a look at the design for the new pier. The event was very well attended — perhaps as many as 200 people came to the Liberty Station Conference Center for the workshop.
The public also got a look at the new estimate to build the new pier based on the current design. $175 – $200 million.
My first reaction was that it took less than that to build two highway bridges over the San Diego River. That price tag was $150 million, for two bridges, a far more complicated project. This estimate to build the pier makes it more or less, impractical. Unless the design is changed.
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April 8, 2024
by Source
Locals are bearing the cost of increasing rates, with many spending more than half of their income on rent
By Sasha Abramsky / San Diego Magazine – The Nation / April 4, 2024
Teresa, a 52-year-old with a solidly middle-class job in the healthcare industry, recently separated from her husband. At the time, the couple lived in Encinitas, in a large home they bought in 2010 for $450,000. When interest rates plummeted, they refinanced at less than 2.5 percent with only 13 years of payments left. Each month, the mortgage, the insurance, and the money they set aside for real estate taxes came to $2,900 between them.
But now, the market has shattered Teresa’s financial calculus. Even after she and her husband sold their house and split the profits, affording to buy again seems impossible.
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