LA County is a global cultural capital, with the largest economy in the US. Yet bold action may be needed to drive inclusive economic growth in the next decade.
Rapid economic growth has created ample opportunity as well as a housing shortage. How the city and the surrounding region respond could provide a blueprint for other US cities.
The eighth Global Infrastructure Initiative Summit took place in Tokyo and focused on creating the pathway to sustainable, resilient, and inclusive infrastructure.
When Gavin Newsom was running for California governor in 2017, he famously vowed to “lead the effort to build the 3.5 million new housing units we need by 2025.” Newsom conceded that the goal was “audacious” but argued that “our solutions must be as bold as the problem is big.”1 Everyone agreed that California’s housing problem was big. What drew skepticism was the prospect of building 3.5 million homes by 2025.