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Price Flight - Californians Revitalizing Downtowns

For decades, California has been known as aelaborate mansions that still dominate the
land of lots of cars and longarea north on Beverly Boulevard. The actual
commutes--commutes that turn freeways intoboom began in 2004, when gas prices began to
endless parking lots. But with the price ofrise  rapidly.
gas heading above $3.00 a gallon, even
Californians are beginning to look into theSuddenly, both small and large builders began
possibility of living closer to downtownto realize that consumer sentiment concerning
areas.urban living was beginning to change quickly
in California. So builders in Los Angeles,
The trend toward revitalizing downtown areasBurbank, and Long Beach began to rethink the
isn't new. Witness the rebirth of suchconcept of urban residential living and went
downtowns as Detroit, Michigan, or Portland,to work to fill the growing demand for
Oregon. But Californians seemed to buck thatlivable spaces closer to downtown areas. In
trend, continuing to move farther and farther2005, the boom really took off, including a
from their jobs and commuting on congested,325 percent increase in new attached housing
pollution-spewing freeways for hours on end.units in various Southern California downtown
But that may be coming to an end, because theareas  in  just  one  year.
Golden State seems to be experiencing the
rebirth of many of its downtown areas, asNumbers like that were bound to attract more
well.builders to cash in on the trend. That was
the case in places like Inglewood, where the
Such areas as Hollywood, South Bay, and Sanurban building boom is now in full swing,
Fernando are seeing building booms in theirdriven by people who no longer want to fight
downtown areas, and even downtown LosCalifornia's world-famous traffic--especially
Angeles, the automobile capital of the world,people who work at Los Angeles Airport (LAX).
has begun to emerge from the ashes of neglect
and apathy. The boom is being drive by highSo it appears that California is being forced
gasoline prices and less willingness on theto join the rest of the nation in
part of people to commute long distances inrevitalizing its downtown areas, which will
heavy  traffic.be a boon to everyone involved--including
Planet Earth, which will see less pollution
In Los Angeles, the area around CBSas Californians take to the highway in fewer
Television City is growing by leaps andand  fewer  numbers.
bounds, including a new upscale mall and
several nicely designed multifamilyCopyright © 2006 Jeanette J.
structures that fit in well with the



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