Mayor Bass taps AECOM to assist with Palisades rebuilding
The firm will work alongside both the city and Hagerty Consulting, which Bass tapped as a recovery contractor in early February, according to the mayor's office.
Hagerty, an Illinois-based disaster recovery firm, has a yearlong contract with the city for up to $10 million but has faced persistent questions about the specifics of its work.
The mayor's office did not immediately answer when asked Friday whether Hagerty's role was being scaled back.
In late January, the mayor, along with four council members and other city officials, heard presentations from Hagerty, AECOM and a third firm also seeking to be the city's disaster recovery contractor.
After Bass selected Hagerty in February, she said the city was still in discussions with AECOM about a separate contract.
'An unprecedented natural disaster requires an unprecedented, all-hands-on-deck response — all levels of government, philanthropy, the private sector and educational institutions coming together to support the community and rebuild as quickly and safely as possible,' Bass said in a written statement Friday. 'AECOM's expertise in long-term infrastructure planning and design will only further expedite our work to get families home.'
The mayor's office also did not immediately respond when asked whether the city now has a contract with AECOM, or what the specifics of that contract, including the compensation, are.
Steve Soboroff, a longtime local developer and Bass' former chief recovery officer, publicly criticized Bass' decision to choose Hagerty over AECOM as the city's initial disaster recovery contractor. In an interview in mid-April as he was leaving his post, Soboroff raised questions about Hagerty's role and said he thought AECOM should have been hired instead.
Along with developing a comprehensive rebuilding master plan and supporting the Palisades' infrastructure reconstruction, AECOM will help coordinate broader public and private rebuilding efforts.
The company will work on a 'logistics plan for materials management in coordination with local builders and suppliers' as well as a master traffic plan as more homeowners leap into the rebuilding process, according to a news release.
AECOM is also the 'official venue infrastructure partner' for the 2028 Olympic Games, according to a March news release from LA28.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
an hour ago
- Business Insider
Little Pepe's Meme Presale Reaches $19,325,000 With Stage 10 Now Sold Out
Dubai, UAE, August 14th, 2025, Chainwire Little Pepe ($LILPEPE), the viral Ethereum-based meme coin sensation, has achieved another high-quality milestone by officially selling out Stage 10 of its presale, securing a staggering $19,325,000 in total funding. This speedy sellout not only underscores the project's overwhelming market demand but also positions it as one of the biggest meme coin launches of 2025 so far. Little Pepe's Rapidly Growing Meme Coin Hype Since its inception, Little Pepe has captivated the crypto network with its combination of lighthearted meme culture, strong tokenomics, and cutting-edge Ethereum Layer 2 infrastructure. The token has leveraged its EVM-compatible environment to supply low transaction prices and lightning-fast processing speeds, making it more than only a meme coin—it's a meme coin with real-world scalability and long-term potential. The end of Stage 10 demonstrates just how effective the Little Pepe motion has come to be. With over 12,750,000,000 tokens sold out to date, investors are virtually betting on the token's potential to copy or even exceed the success of earlier meme coin giants like Dogecoin, Shiba Inu, and Pepe. Momentum Fueled by Strong Marketing and Community Engagement One of the biggest drivers of Little Pepe's fast presale progress has been its marketing and community-driven method. The development team has invested closely in social media presence, influencer partnerships, and viral content campaigns that resonate with meme coin traders globally. This network-first method has created a wave of grassroots guides, with investors not only buying tokens but also actively promoting the project online. Little Pepe's enchantment is further amplified by using ongoing projects like the $777,000 giveaway, where 10 winners will each receive $77,000 worth of $LILPEPE tokens. To take part, users need to make a minimal presale purchase of $100 via the legitimate portal and complete simple promotional tasks. This giveaway has been a large achievement in generating buzz and attracting new investors from throughout the globe. Backed by Security and Transparency In an industry where investor trust is paramount, Little Pepe has taken proactive measures to ensure credibility. The project currently finished a CertiK audit, one of the most recognized security audits in the blockchain enterprise. This certification gives reassurance that Little Pepe's smart contracts had been thoroughly reviewed for vulnerabilities, providing a layer of safety that many meme coins lack. This consciousness of transparency and security has extensively boosted investor self-belief, encouraging both seasoned crypto buyers and novices to participate within the presale without hesitation. The Road Ahead: Price Growth and Exchange Listings Upcoming milestones for Little Pepe include confirmed exchange listings, further partnerships with crypto influencers, and large-scale promotional campaigns aimed at bringing the token into the mainstream. The team's Layer 2 foundation will allow it to integrate with decentralized applications, further broadening its ecosystem beyond the meme coin space. Why Little Pepe Is Turning Heads in the Crypto Market The meme coin market in 2025 is more competitive than ever, yet Little Pepe's presale success proves it has carved out a unique position. By blending the humor and viral appeal of meme coins with blockchain performance upgrades and strong investor protections, $LILPEPE offers a hybrid model that appeals to both speculative and utility-focused investors. Its swift presale sellouts are a clear sign that traders believe in its long-term trajectory. If history is any indication—looking at how Dogecoin and Shiba Inu evolved from internet jokes to multi-billion-dollar assets—Little Pepe could be on a similar path toward mainstream crypto adoption. About Little Pepe Little Pepe is a next-gen Layer 2 blockchain designed to merge meme culture with high-speed, low-cost decentralized infrastructure. Built for scalability, security, and accessibility, Little Pepe supports EVM-compatible applications and is powered by means of the $LILPEPE token. The project's mission is to create a meme coin environment wherein utility meets virality, empowering users through cutting-edge technology and lightning-fast transactions. For more information: Contact COO James Stephen
Business Upturn
3 hours ago
- Business Upturn
JSW Cement lists at Rs 153.50, posts 4.4% gains over IPO price
Shares of JSW Cement made a positive debut on Monday, listing at ₹153.50 apiece — up 4.42% from the upper end of its IPO price band of ₹147. The Mumbai-based cement maker's IPO, open from August 7 to August 11, was priced in the range of ₹139-147 per share with a lot size of 102 shares. The company raised ₹3,600 crore, comprising a fresh issue of ₹1,600 crore and an offer-for-sale of ₹2,000 crore (13.60 crore shares). The issue saw an overall subscription of 7.77 times, with QIBs subscribing 15.80 times, NIIs 10.97 times, and retail investors 1.81 times. Employee quota was also fully subscribed. Analysts note that the brand's strong recall and stable demand outlook helped deliver a good listing despite modest oversubscription. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Insider
3 hours ago
- Business Insider
COHR Earnings: Coherent Stock Crashes 16% on Disappointing Guidance
The stock of Coherent (COHR) is down 16% after the semiconductor company reported revenue guidance that disappointed Wall Street. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The Pennsylvania-based company announced earnings per share (EPS) of $1, which topped the $0.92 expected among analysts. Revenue for the year's second quarter totaled $1.53 billion, which was ahead of the $1.51 billion forecast on Wall Street. Sales were up 16% from a year earlier. Unfortunately, Coherent's revenue guidance overshadowed what was otherwise a strong print from the optical materials and semiconductor concern. For the current quarter, Coherent said that it expects revenue of $1.53 billion, which is basically the same as sales generated in Q2 of this year and is 0.6% below analysts' consensus estimate. Laser Business Sale Coherent's networking business unit saw its revenue rise 39% year-over-year in calendar Q2 to $945 million, above expectations for $940 million in sales. That strong showing was partially offset by the company's other two business lines, materials and lasers, which were down a combined 8% in the quarter. Just before Coherent's latest earnings were released after markets closed, the company announced the sale of its laser business for defense markets at a price of $400 million. Money generated from the sale will be used to pay down the company's $3.7 billion in debt. Is COHR Stock a Buy? The stock of Coherent has a consensus Strong Buy rating among 15 Wall Street analysts. That rating is based on 14 Buy and one Hold recommendations issued in the last three months. The average COHR price target of $105.31 implies about 8% downside risk from current levels. These ratings are likely to change after the company's financial results.
