Saying a big earthquake is inevitable, Los Angeles Mayor Eric Garcetti is supporting a state measure that would offer incentives for people to make their buildings safer during a temblor.
City News Service says Garcetti has backed a measure that would offer a 30 percent tax credit on seismic improvements over five years.
AB428, by Assemblyman Adrin Nazarian, would cover retrofitting for buildings that local governments believe are at risk of collapsing during a quake. It’s estimated that Los Angeles has at least 1,500 such structures.
Garcetti has previously proposed city measures to require strengthening unreinforced wood and concrete buildings that could collapse in a big temblor.
One such collapse killed 16 people during the 1994 Northridge quake.
Was this article valuable?
Here are more articles you may enjoy.
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
IMA Latest to Sue Howden Over Alleged Employee Poaching 
AM Best Upgrades Credit Ratings of Missouri’s Columbia 
