$1.8 BILLION IN WORK UNDER WAY HAHN LOOKS FOR WAYS TO EXPEDITE 823 PROJECTS.Byline: Rick Orlov Staff Writer The first inventory of city construction projects was released Friday by Mayor James Hahn For the Iowa politician, see . James Kenneth "Jim" Hahn (born July 3, 1950) is an American politician from the Democratic Party. He was the Deputy City Attorney (1975-1979), City Controller (1981-1985), City Attorney (1985-2001) and Mayor of Los Angeles, California , showing there are 823 projects - with a value of more than $1.8 billion - in the works. Hahn said he is looking at ways to expedite ex·pe·dite tr.v. ex·pe·dit·ed, ex·pe·dit·ing, ex·pe·dites 1. To speed up the progress of; accelerate. 2. the projects - many of which are in the planning or design stages and for which funding has been provided - as a way to boost the local economy. He also said it is important for the public to know how tax dollars are being spent. A detailed list of the projects is on Hahn's Web site at www.lacity.org/mayor. ``The development and dissemination dissemination Medtalk The spread of a pernicious process–eg, CA, acute infection Oncology Metastasis, see there of this list represents a step forward in public accountability,'' Hahn said. More importantly, he said, it gives city officials an overview of the work that has been approved and allows officials to develop priorities as well as make sure that funding continues to be available for the projects from state and federal sources. Hahn has created a special task force of city departments to oversee all city construction to determine ways in which work can be sped up to create more jobs in the city. City officials said the list will be updated quarterly. Jack Kyser, chief economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the for the Economic Development Corp. of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County, said the importance of the inventory is knowing what is in the works and getting the projects started. ``The key question is where do they stand in the construction process and how soon can we get them going,'' Kyser said. ``The quicker the construction, the sooner the impact in a slowing economy. ``Construction is a high-powered activity that creates jobs - not only in the building trades, but for steel, cement and other equipment.'' Kyser said the ripple effects ripple effect Epidemiology See Signal event. can be substantial. ``The multiplier effect Multiplier Effect The expansion of a country's money supply that results from banks being able to lend. The size of the multiplier effect depends on the percentage of deposits that banks are required to hold on reserves. is quite significant. With $1.8 billion in construction, you are ending up with a $3.7 billion overall economic impact in other spending. |
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