L.A. streetcar project shaves $55 million off cost estimate
If the FTA gives the project the full $75-million grant it seeks, that would still leave a funding gap of more than $100 million.
Los Angeles Streetcar rendering.
Los Angeles Streetcar rendering.
LOS ANGELES — Cost estimates for the proposed streetcar line in downtown Los Angeles may be about $55 million less than officials had previously said, The Los Angeles Times reported.
RELATED:City Hall kept quiet on higher L.A. streetcar project estimates
If the Federal Transit Administration gives the project the full $75-million grant it seeks, that would still leave a funding gap of more than $100 million. To make up the difference, officials said that the city plans to arrange a public-private partnership, according to the report.
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