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City Passes Moratorium on Taking SROs Off the Market

By Eric Richardson
Published: Thursday, May 11, 2006, at 11:41AM

I feel like this is an issue I took on just the other day, but I'm kind of annoyed with the coverage of yesterday's Council action to put a one-year moratorium on SRO conversions. For once the AP's headline (or at least the most popular of its variations) -- "L.A. Bans Demolition Of Downtown Flophouses" -- is more accurate than the Times, who ran that "1-Year Ban OKd on Loft Conversions." Thankfully the Times story is much more accurate than its headline.

You can count on one hand (perhaps one hand that's missing some fingers) the number of properties Downtown that this will have a practical effect on. There is no rush to convert properties currently operating as SROs.

The proper course for the SROs is going to be decided on a case by case basis. In my opinion a renovation like the one slated for the Alexandria is a best-possible outcome. But that's not going to be feasible for every building.

And this moratorium is certainly not going to slow down Downtown or bring prices down. There's too much happening for that.

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