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