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Podcast: The future of parking garages

Parking garages aren’t just low-tech eyesores — they might be urban America’s greatest real estate development opportunity. Dan digs in with Axios Cities editor Kim Hart.

Keep ReadingArrowOct 30, 2019

Big Tech spends billions to help housing crisis

Illustration: Rebecca Zisser

Four of the world's richest companies are pouring a collective $5 billion into housing on the West Coast, raising an expectation that companies will serve as part financier, part philanthropist as tech hubs try to add more supply to tight housing markets.

Driving the news: Apple this week pledged $2.5 billion to housing initiatives in Silicon Valley, where even high-paid tech workers — let alone teachers, nurses and police officers — are struggling to find houses they can afford.

Go deeperArrowNov 6, 2019

Apple will spend $2.5 billion to alleviate California housing crisis

Tim Cook attends the global premiere of the Apple TV series "The Morning Show" in New York last week. Photo: Roy Rochlin/WireImage

Apple CEO Tim Cook, unveiling a $2.5 billion plan to help alleviate California's housing availability and affordability crisis, told Axios in an interview that Apple feels "a profound responsibility" to the region where it was born and thrived.

  • "It’s just unsustainable," Cook said. "This problem is so big that the public sector cannot do it alone."
Go deeperArrowNov 4, 2019