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Will construction costs for rebuilding significantly increase by end of 2025?
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California•Gavin Newsom•Southern California•California Environmental Quality Act•CEQA•California Coastal Act•Newsom•Pacific Palisades•Altadena
Resolution / Starting Odds
Yes • 50%
No • 50%
Reports from California state government or construction industry analysis
Story
Newsom Signs Executive Order to Speed Up Rebuilding After Wildfires Kill 16, Destroy Thousands of Structures
Jan 12, 2025, 06:24 PM
California Governor Gavin Newsom has signed an executive order to expedite the rebuilding process for victims of the recent Southern California wildfires, which have resulted in at least 16 deaths and the destruction of thousands of structures. The order suspends certain environmental regulations, specifically the California Environmental Quality Act (CEQA) and the California Coastal Act, to facilitate quicker reconstruction of homes and businesses. Newsom aims to cut through bureaucratic red tape, allowing for faster rebuilding without delays. The executive order also extends price gouging protections to make rebuilding more affordable. The wildfires have caused significant damage in areas including Pacific Palisades and Altadena.
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Similar markets
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