DLBA Reports Continued Interest In Downtown Residential Market
The Downtown Long Beach Alliance (DLBA) 2017 fourth quarter residential market report indicates Downtown Long Beach “continues to show strong signs of a stable housing market.” Among the key finds are: downtown residential occupancy is 95%; more than 1,038 residential units are currently under construction; and recently completed residential developments, such as The Current and The Edison, are nearing full occupancy.
City Sponsors Community Medical Center Legislation
The City of Long Beach has sponsored legislation by Assemblymember Patrick O’Donnell that would extend the deadline for MemorialCare Community Medical Center Long Beach to comply with state seismic requirements. O’Donnell introduced the bill to the state legislature yesterday. Currently, the hospital is required to cease emergency care operations by June 30, 2019, due to noncompliance with seismic regulations.
Gas Prices Could Hit $4 Per Gallon By May
Gas prices in California could reach $4 per gallon by May, according to Patrick DeHaan, head of petroleum analysis at Boston-based GasBuddy. He told Bloomberg that gas prices are 47 cents higher now than they were at the same time in 2017.
U.S. Energy Forecast Through 2050 Released
The United States Chamber of Commerce released a comprehensive study of the U.S. Energy Information Administration’s Annual Energy Outlook 2018.” Highlights of the forecast include the U.S. becoming energy self-sufficient by 2022, energy consumption increasing 13% between 2017 and 2050, and crude oil prices rising gradually until reaching about $113 per barrel in 2050.
Mardi Gras Celebration At Shoreline Village Tomorrow
An annual Mardi Gras celebration is taking place tomorrow, February 17, from noon to 5 p.m. at Shoreline Village, 429 Shoreline Village Dr. The festival includes live music, food and a parade. Participation in the parade is free and open to the public. Attendees can enjoy live entertainment such as tarot card reading, hula hoop dancers and a stilt walker. Click here more information.
Long Beach Heritage Walking Tour Of Downtown Historic Architecture
Long Beach Heritage is holding a walking tour of Downtown Long Beach tomorrow, February 17, from 9:30 a.m. to 11:30 a.m. The tours focus on examples of historic architecture such as The Willmore Building, the Security Pacific National Bank building and The Breakers. Tours depart from the Works Progress Administration (WPA) mural at the north end of the Promenade, 205 E. 3rd St. Click here for more information.