Friday’s [9-24-04] LA Times had an article that mentioned the LA MTA will sell over $1 billion in bonds over the next 10 years to raise funds for delayed projects. Proposition C, passed in 2000, allows the MTA to do this without another ballot measure. The bond funds replace diverted gas tax money [:0] and will help LA County meet clean air regulations. These moneys would be for MTA’s share, not the full price of the projects.
Rail projects include:
- Alameda Corrdior East (extending grade separation on the UP [SP] through the San Gabriel Valley). The current grade separation ends near the east edge of Alhambra.
- The Exposition Boulevard Light Rail line from LA to Culver City. This would largely follow the former Santa Monica Air Line PE route. This line is abandoned and several sections of rail have been removed or paved over. If they intend to make this double track it will require a lot of street re-alignments.