This Long Beach residence started out life in 1924 as a classic California bungalow. Four decades later, it was acquired by a young couple, Gus and Carolee Pekrul, who enlisted the renowned local architect Paul Tay to transform the cottage into a modernist home. The USC-trained architect was clearly more than up to the challenge, expanding the bungalow and endowing it with rough-sawn redwood beamed ceilings, teak cabinetry and built-ins, wrap around and clerestory windows, and custom soffit lighting. Since its last appearance on the market three years ago, the 1,398-square-foot home has undergone some additional tweaking, with new cork floors replacing the vintage vinyl ones, sliding glass doors added to enable access to the central courtyard, a guest room enlarged, and the layout revised to create a proper master suite, per the listing description.
The Los Angeles organizing committee for the 2028 Olympics today announced an updated budget for the privately funded games, which are now expected to cost roughly $6.9 billion. That’s up significantly from the $5.3 billion estimate that the committee included in bid documents submitted in 2017 to the International Olympic Committee, but that’s mainly because the earlier cost projection was in 2016 dollars. Baked into the $6.9 billion estimate is a $615.9 million contingency fund in case aspects of the games cost more than anticipated. Though organizers of LA’s bid for the games have long promised that hosting will turn out to be profitable— as it was in 1984 —state and city officials have already agreed to pay more than $500 million for potential cost overruns. One new cost included in the revised budget is the $160 million in investment in Los Angeles’s youth sports that the organizing committee agreed to when adjusting its focus to the 2028 games. Los Angeles initially