September 11, 2013

L.A. streetcar project faces $200 million funding gap

Rendering of L.A. streetcar system in Pershing Square. Courtesy Los Angeles Streetcar Inc.

Rendering of L.A. streetcar system in Pershing Square. Courtesy Los Angeles Streetcar Inc.
LOS ANGELES — Building a proposed streetcar line in downtown Los Angeles may cost more than twice the original estimate, an adjustment that raises serious questions about the project's funding and future, according to the Los Angeles Times.

The original estimate to build the four-mile line, about $125 million, did not include the cost of utility work, as well as other costs, which could create a funding gap of almost $200 million, which must be resolved before officials apply for federal transportation grants, the paper said.

For the full story, click here.

deli.cio.us digg it stumble upon newsvine
[ Request More Info about this product / service / company ]


E-NEWSLETTER

Receive the latest Metro E-Newsletters in your inbox!

Join the Metro E-Newsletters and receive the latest news in your e-mail inbox once a week. SIGN UP NOW!

View the latest eNews
Express Tuesday | Express Thursday | University Transit

White Papers

Mass Transit Capital Planning An overview of the world-class best practices for assessing, prioritizing, and funding capital projects to optimize resources and align with the organization’s most critical immediate and long-term goals.

More white papers


STORE
METRO Magazine Fact Book - 2014

There are the Highlights:
  • Industry Analysis: Economic Impact of Public Transportation
  • Industry Data
    And Much More…..
  •  
    DIGITAL EDITION

    The full contents of Metro Magazine on your computer! The digital edition is an exact replica of the print magazine with enhanced search, multimedia and hyperlink features. View the current issue