逗逼直播

Tyler Jacobson, Booth Economics PhD student
, Booth Economics PhD student

Lengthy and uncertain permitting timelines for housing and infrastructure projects, often extended by procedural tools like administrative appeals and lawsuits (e.g., under CEQA/NEPA), create significant hurdles. This research quantifies how these various delay tactics impact firms’ investment decisions and the ultimate risk of project failure or incompletion. We will analyze the relationship between the duration and nature of permitting processes—including specific delay mechanisms like litigation—and subsequent development outcomes, such as construction starts and completions. Initial analysis in Los Angeles reveals longer entitlement processes correlate negatively with project completion. The project aims to provide robust, large-scale evidence on how specific procedural challenges influence development success rates and investment choices across different regulatory and market contexts.