Friday, August 17, 2007

LA Looks to Update Long-Range Transportation Plan, Finds Huge Funding Shortfall

On Thursday, the Los Angeles Metropolitan Transportation Authority board met to review the financial aspects of its long-range transportation plan - how much money is, or could be, available to fund a wide range of transit and highway improvements. The Los Angeles Times reports a shortfall of about $26 billion dollars between projected revenue and the cost of various projects.

Full funding for the proposed projects would largely reshape the Los Angeles County landscape, as shown in Transit Corridors, a map that illustrates future project lines and modes. Commuters crawling along the freeways can only dream of such a scenario.

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