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Post by joshuanickel on May 20, 2014 21:27:24 GMT -8
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Post by metrocenter on May 21, 2014 8:42:45 GMT -8
Hooray...this means work on the Wilshire Subway can begin later this year!
Waiting for the day when I can ride the subway to La Brea, Fairfax and La Cienega stations! (Too bad this isn't scheduled to open for another 9 years.)
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Post by masonite on May 21, 2014 9:24:11 GMT -8
Hooray...this means work on the Wilshire Subway can begin later this year! Waiting for the day when I can ride the subway to La Brea, Fairfax and La Cienega stations! (Too bad this isn't scheduled to open for another 9 years.) I wonder what the in between the lines result of this really is. It seems like with the federal money, we will have more money than really necessary to go to just the VA. Of course, Measure R funds are going to come up short over the 30 years from the original projections. Ideally, it would be nice if they could ultimately get this a little closer to the "Sea".
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Post by joshuanickel on May 21, 2014 10:08:03 GMT -8
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Post by joshuanickel on May 21, 2014 10:11:36 GMT -8
Hooray...this means work on the Wilshire Subway can begin later this year! Waiting for the day when I can ride the subway to La Brea, Fairfax and La Cienega stations! (Too bad this isn't scheduled to open for another 9 years.) I wonder what the in between the lines result of this really is. It seems like with the federal money, we will have more money than really necessary to go to just the VA. Of course, Measure R funds are going to come up short over the 30 years from the original projections. Ideally, it would be nice if they could ultimately get this a little closer to the "Sea". Metro says that Measure R only pays for 3/4 the cost. This federal funding is necessary in order for it to get to the VA. Also, $856 million of the money is a loan. That will have to be paid back using Measure R funds. Purple Line Extension secures $1.25-billion federal New Starts grant and $856-million federally-backed loanLooking at the original plan, Measure R only provides 4.2 Billion for this project: Measure R Expenditure Plan
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Post by masonite on May 21, 2014 10:27:55 GMT -8
I wonder what the in between the lines result of this really is. It seems like with the federal money, we will have more money than really necessary to go to just the VA. Of course, Measure R funds are going to come up short over the 30 years from the original projections. Ideally, it would be nice if they could ultimately get this a little closer to the "Sea". Metro says that Measure R only pays for 3/4 the cost. This federal funding is necessary in order for it to get to the VA. Also, $856 million of the money is a loan. That will have to be paid back using Measure R funds. Purple Line Extension secures $1.25-billion federal New Starts grant and $856-million federally-backed loanLooking at the original plan, Measure R only provides 4.2 Billion for this project: Measure R Expenditure PlanTrue, at one point I believe the entire cost was less than $6.3B. Still the $1.25B grant is more than half of the $2.1B gap.
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Post by bzcat on May 21, 2014 13:57:08 GMT -8
So still not enough money to accelerate (concurrent phase 1&2 or 1&3) construction.
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