Chapter 1969 Transformation Warm-Up

The reason why Yang Cheng came to the Bank of America Stadium project information was because he wanted to know more about the trends of his competitors. In the American real estate industry, a recognized problem is the renovation of old cities.

It is precisely because of the difficulty that it blocks more opponents from the threshold in disguise, which also means that the field of old city reconstruction is a huge blue ocean.

As for the problem that American cities look very dilapidated, many people who have just come to the United States have questions and even feel disappointed.

Because the imaginary high-rise buildings and feasting did not appear. For example, the entire Los Angeles is like a super clean and quiet town. Except for a few high-rise buildings in the city center of a few cities, most places are one to two-story bungalows. Go Ask the locals, and you will be surprised to find that many buildings were built around 1900, with most of them being built in the 1960s and 1970s. The houses in the 80s and 90s are considered new.

In today's country Z, not to mention super big cities like Shanghai and Beijing, even the second and third tier small cities have developed into very modern countries. If you stay abroad for a few years and come back to China unexpectedly, you can be sure that You don’t know anywhere, you can’t find your way without navigation, various viaducts can make you dizzy, and the nightlife is super rich. This is a huge change.

But when I come to the United States, I can’t find a few bars at night, and there are quite a few nightclubs with a lot of glamour, and there are no luxury restaurants, public baths, Internet cafes, or karaoke. Even if I stay there for 20 years, there will be almost no urban construction and urban life. Too much change.

In fact, this is related to living habits. Although the United States is not like Country Z where there are big restaurants and various entertainment venues everywhere, their spiritual life is very rich, but their work pressure, social interaction methods, urban planning, etc. Culture has led Americans to live a different leisure life from people in country Z.

For example, in the centers of big cities, there are various art exhibitions, concerts and other high-end art activities almost every day; there are non-stop national sports events throughout the year, such as NBA, baseball, football, golf leagues, etc.

There are national parks and primeval forests where you can fish and hunt everywhere. Fashionable sports are popular among the people, such as flying, surfing, skateboarding, sailing, skiing, diving, rock climbing, fitness, and cycling. Every city and community has more practical sports. The small library is overcrowded with people studying and reading. On weekends, the scenic spots and seashores in various places are also crowded with people. Sometimes you have to park several kilometers away.

Except for certain holidays and weekends, there are still relatively few people going to nightclubs on weekdays, and most of them are young people. In short, it is estimated that except for Las Vegas, it is difficult for you to experience the "life and death" in other cities in the United States.

Going back to the issue of architecture, many people think that the United States is not only not lively, but also very "backward". There are low houses everywhere, and even the government and schools are backward and old buildings. This is true.

But it can't be said to be shabby.

From the perspective of Americans, if a house has reasonable rent, reasonable maintenance costs, complete functions, and is safe to use, why should it be pushed to reconstruction?

Ordinary people will consider the cost of reconstruction and changes in income, as well as the additional real estate tax they will pay to the government after the value increases.

As an international student who has just arrived in the United States, don’t be surprised or panic if you rent a house built 100 years ago, because at that time, the house you are living in now was a luxury house, so you don’t have to worry about quality issues. If there is an occasional leak, look for it. Just be a landlord. Most Americans are very hands-on. There is nothing you can do about it. Labor is too expensive. Just save it if you can.

As for the construction of public facilities that are complained about, the governor and mayor actually have no say.

It is impossible for the government to build their office buildings because every financial expenditure must be discussed in the city council, and the seats in the council are in the hands of members of different parties.

It is basically a fantasy to build a magnificent office building for a new government. Let alone building an office building, sometimes even some departments of the government can be eliminated by ordinary people.

There is a small city called Monnovia in the United States that does not even have a JC station or a fire station. Daily patrols, crime solving, and firefighting are all entrusted to the city of Arcadia next door! Quite an outsourcing service contract.

This is not only true for small cities, but also for the management of large cities, counties, and states. Fiscal revenue and expenditures are actually managed based on the opinions of voters.

If voters don't agree to renovate a road, then they can only repair it. Therefore, what you can see when you come to the United States today is that there are patches everywhere on the road in the United States.

No. 110, the oldest freeway in Los Angeles, was put into use in the early 1950s. Although it is narrow and has been repaired many times, its construction quality is nothing compared to domestic roads that have become dented and almost scrapped within a few years of construction. But the complaint is still the same sentence, since it can be used, why do you need to rewrite it?

There is also a famous "deadhead" highway in Los Angeles called the 710 Highway. It was originally designed to pass through the old city of Pasadena, but local residents believed that this was a historical city and could not be passed through by a modern highway, so There are many associations and residents who oppose it. Because the number of voters always fails to reach the required number of votes, decades have passed and it still cannot run through the city of Pasadena.

It’s not just a matter of building roads. The government, schools, post offices, police stations, immigration bureaus, and tax bureaus will not build high-rise buildings. They will either operate in old buildings or rent ordinary commercial buildings.

This can understand why old city renovation is so difficult in the United States, but everyone knows that as long as this bone can be cracked, the rich list in the United States is expected to undergo earth-shaking changes, and it will no longer be Internet companies that dominate the list. The boss is a giant in the real estate industry!

Yuan Shan once participated in an old city reconstruction project, but that project did not involve many residents. To put it bluntly, it did not infringe on the interests of the people, so it passed smoothly and was considered a practice.

But if the interests of ordinary people are really involved, this matter will be difficult to handle.

First we have to win the approval of the parliament, then we have to find ways to work with the people, and finally we have to deal with the issue of money.

In other words, if a project wants to start construction, Yuanshan must overcome two difficulties.

Fortunately, when the stadium project was being built, Yuanshan had successfully established relations with the council. What they are doing now is to come up with a convincing enough renovation plan.

Not long ago, the City Council just approved a subway station project, located just below the intersection of Second Street and Broadway Street in downtown Los Angeles. Once the subway station project is completed, passengers can board the train from here to Santa Monica. , Pasadena and Long Beach trains.

The reason why Yuanshan Capital is fully promoting the subway station project is that it wants to build a high-rise building on this piece of land with office space, multi-family residential units and street retail stores.

The project is planned as a 30-story building that will span the entire length of Second Street between Spring Street and Broadway. The project will include the construction of 107 residential units, approximately 534,000 square feet of office space and 7,200 square feet of ground-floor retail space.

It is worth mentioning that part of the design of this building was completed by Luo Yue Company. After the renderings came out, it caused quite a stir in the city council. This nearly 450-foot-tall building will be made up of a series of Composed of stacked 'glass boxes'.

Individual cubes are stacked and stacked to create a series of open-air terraces for residents and office space tenants.

Additional open space is planned to be divided with pedestrian walkways between Spring and Broadway streets, providing access to adjacent garages.

The location where the project sits, and the adjacent parking lot, was once an annex to the Times Mirror Plaza complex. In other words, the site itself is owned by the Los Angeles Times, but because it involves a small portion of residential land, There were many obstacles encountered during the advancement process.

The local residents did not want to be relocated, nor did they want their century-old buildings to be destroyed, so they jointly submitted a letter to the city government to express their demands. During the initial voting process, all members voted against it.

However, Yuanshan has forcibly kidnapped the city council because the subway station project is their demand. When the developer and the council reach an agreement on the project, the problem becomes much easier.

While giving money, they also worked through the government. They used a big stick in one hand and sweet dates in the other, and finally obtained the consent of the residents.

After the project is completed, it will be the only high-rise building within a few kilometers and will undoubtedly be a beautiful sight in downtown Los Angeles.

It is conservatively estimated that Yuanshan will earn more than 200 million US dollars in net profit from this project. It is no wonder that Yang Cheng is so interested.

But the problem is that a renovation project involving less than 100 areas has been publicized for nearly half a year. What if it involves 1,000 or even tens of thousands of residents?

Thinking about it is confusing, but thankfully, the revitalization plan of the old city of Los Angeles is the general trend and is also the main development direction of Los Angeles in the next ten years.

From this perspective, Yuanshan Capital also has the support of strong allies.

The urban renewal of Los Angeles is a big piece of cake. Many well-known construction companies in the industry, including HKS, are all looking down upon it. If Yuanshan wants to compete with them, it will still have to pay a considerable price.

Fortunately, the Yang family made the right choice this time, and it was time to reap a wave of dividends.

Before that, Yuanshan will strive for the renovation project of another small California city. Compared with the 12-inch cake in Los Angeles, the renovation of the small town is equivalent to a 4-inch small cake at most, which can be eaten by one person.

This city is Fresno, an agricultural city located in central California, covering an area of ​​296 square kilometers. Fresno has convenient transportation and a number of highways, including California Highways 99, 180, and 41, which pass through it and connect Fresno and Yosemite National Parks, the San Francisco Silicon Valley area, and the Los Angeles area.

It is worth mentioning that Fresno will have California’s first high-speed rail station. The high-speed rail is planned to connect Los Angeles and San Jose by 2029. It was after receiving the news in advance that Yuanshan set its sights on this small city. , if the 30-story high-rise plan above the subway station is just an appetizer.

So Fresno's transformation is equivalent to the first game.

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