$700K for an apartment? The cost to solve the homeless crisis is soaring in Los Angeles
LOS ANGELES — As this city tries to cope with thousands of people living on the streets, a few homeless and low-income senior citizens will be luckier than most next year. complete with a fitness center, in the heart of trendy Koreatown, built at a projected cost of $690,692 for each unit, according to the city controller's office. Two additional projects in the pre-approval phase are expected to top $700,000 per unit in total costs. "This kind of cost is utterly unacceptable," Controller Ron Galperin said. "I believe we need a fundamental ...
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