LA mayor looks to step up mass transit – with federal loans
In southern California the car may still be king, but the train is making tracks. Officials hope a novel financing plan, pushed by Los Angeles mayor Antonio Villaraigosa, will garner federal aid faster and help the region realize a long-held dream, re-building its once robust commuter rail network.
The crux of the plan would roll funds from a recently approved transportation sales tax surcharge into leveraging a big federal loan (more…)