Posts tagged with "Los Angeles":
Responding to critics on Twitter who were wondering why the tech entrepreneur wasn’t using his vast wealth to address the nationwide housing crisis, Musk followed up on May 7, indicating that those same bricks would now be sold on the cheap for low-cost housing. A Boring Company representative confirmed the plans to Bloomberg, saying that the bricks used for housing would be made from the “excavated muck” of the company’s tunnels. These bricks would also go towards building any future Boring Company offices and could partially replace concrete in The Boring Company’s tunnels.
New Boring Company merch coming soon. Lifesize LEGO-like interlocking bricks made from tunneling rock that you can use to create sculptures & buildings. Rated for California seismic loads, so super strong, but bored in the middle, like an aircraft wing spar, so not heavy.— Elon Musk (@elonmusk) March 26, 2018
Of course, as Bloomberg points out, Musk’s plan to lower the cost of housing assumes that material costs are driving the price of construction, and not land or labor. Brick is expensive to lay because of the associated time and expertise it takes, not the bricks themselves (and this is before factoring in any type of structural reinforcement). It remains to be seen if The Boring Company can produce enough blocks to actually build any homes, especially as many of the prospective Hyperloop tunnels would be churning out dirt contaminated from years of industrial runoff.
The Boring Company will be using dirt from tunnel digging to create bricks for low cost housing— Elon Musk (@elonmusk) May 7, 2018
These developments join LOHA’s growing slate of innovative residential projects in Los Angeles, including several market-rate developments along Pico Boulevard, a 30-unit apartment complex in West Hollywood, and a quintuplet of small-lot houses at the foot of the Hollywood Hills.
Current portfolio companies include:
An all-electric bus manufacturer with goals to create 100 percent zero-emission transportation.Ampaire An all-electric airplane fabricator.
A cloud-based software-procurement platform.
A prefab home company based in California.
A touch-and-vision-based industrial robot manufacturer.