Cost Estimate for Downtown Los Angeles Streetcar Drops by $55 Million
Building a streetcar line in downtown Los Angeles may cost about $55 million less than officials had previously said — an estimate that has buoyed the spirits of the project’s boosters, including City Councilman Jose Huizar.
But the lower price tag of about $270 million could still complicate the city’s bid for a $75-million construction grant, a crucial portion of the streetcar funding plan. Projects that cost more than $250 million must compete for federal dollars alongside the nation’s most expensive and sophisticated transit proposals, including subway lines.
Read more via The Los Angeles Times
About Matt Ball
Matt Ball is a former editor and publisher of V1 Media.
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