LA MTA Plan Approved

Source: California Real Estate Journal
OCTOBER 26, 2009

TRANSPORTATION
L.A. Long-Range Public Transportation Plan Approved

LOS ANGELES - The Los Angeles County Metropolitan Authority Board of Directors approved a 30-year, $300 million plan on Oct. 22.

This approval means that the plan can be submitted to the Southern California Association of Governments for inclusion in its Regional Transportation Plan.
The public transportation plan has allocated funding bus and freeway improvements, as well as rail system extensions. These include the completion of the Exposition Light Rail project to Culver City, a Westside Subway extension, the Crenshaw Corridor Transit Project, an extension to the Orange Line and various carpool lane projects.

Funding comes from federal stimulus money and Measure R, a voter-approved sales tax increase that was passed in 2008. A total of $298 billion has been identified as funding that will be collected by all funding sources through fiscal year 2040. Countywide bus and rail operations will receive the bulk of the money, with 36 percent, or $106.5 billion.
The Board of Directors is accounting for an area of about 10 million people, plus 3 million more residents projected by 2040.
**********