"L.A. Faces $15 Billion Bill as Pipes Spring Leaks: Cities"

"Los Angeles is showing its age, and city officials don’t have plans for financing the facelift.

From buckling sidewalks to potholed thoroughfares to storm drains that can’t handle a little rain, the infrastructure that holds the second-largest U.S. city together is suffering from years of deferred maintenance. Bringing pipes that deliver water to 3.9 million people up to snuff could cost $4 billion -- more than half the city’s annual operating budget. The bill for repaving streets will be almost that much, according to estimates from a city consultant, and patching or replacing cracked sidewalks will require $640 million.

City Council members recently gave up on a proposal to ask voters for a sales-tax increase to finance street and sidewalk repairs, and Mayor Eric Garcetti has ruled out raising water rates anytime soon to upgrade pipelines."

James Nash reports for Bloomberg News August 11, 2014.

Tuesday, August 12, 2014