Los Angeles city leaders and officials broke ground last Tuesday at LAX’s Terminal 1 to signify the start of a $508 million modernization project. The thirty year-old terminal is the busiest terminal at the airport as it handled 9.65 million travelers in 2013. In addition to renovating Terminal 1, LAX has also been upgrading other parts of the airport including the new $1.9 billion Tom Bradley International Airport, Terminal 6, and parts of the airfield to accommodate larger planes. The projects are expected to create 4,000 construction jobs as well as 2,000 new concession jobs at the airport.
The Russian Duma recently approved the bill (in its final form) concerning Moscow’s residential face-lift. Up to 7,900 aging apartment blocks (a full 10% of the city’s housing) is set to be torn down and replaced with high-rise apartments. Most of them are the so-called “Khrushchevka” flats (after the Soviet leader Nikita Khrushchev), prefabricated five-story buildings, built during the Soviet housing boom of the 1950s and 1960s. These are apartments with thin walls, low ceilings and generally poor architectural design. The project, which is considered one of the largest urban resettlement programs in history as 1.6 million people will be resettled, is estimated to cost around 300 billion rubles ($5.3 billion) over three years. However, officials project the longer-term cost of relocating and rehousing the residents over 20 years will be at least $53 billion.