The Los Angeles City Council voted on Wednesday to use $55 million from Measure R local return funds to help build a Leimert Park station and Hindry station for the Crenshaw/LAX Line. The above report from City Administrative Officer Miguel Santana explains that $40 million would go to the Leimert Park station and $15 million toward the Westchester station.
In the past, Metro has estimated the cost of the Leimert Park station at $131 million and the Hindry station at $15 million; current estimates may be different.
A Leimert Park station would be underground and located at Crenshaw Boulevard and 43rd Place while the Hindry station would be at street level and located at Florence Avenue and Hindry Avenue, making it the nearest station to Westschester.
As the report explains, the city would actually bond against future revenues from Measure R local return funds (15 percent of Measure R sales tax revenues is returned to cities in Los Angeles County on a per capita basis). The total cost of the investment in the stations would be roughly $100 million depending on bond market conditions.
Both stations are considered as optional stations for the project. As part of the bidding process for the project, Metro is seeking a construction firm that could build one or both of the optional stations within the project’s $1.762.9-billion budget. If that can’t be done, other funding will be needed; the Metro Board has previously decided that the Leimert Park station gets first priority of the two optional stations.
Bids from construction firms are expected to be soon released by Metro staff. The Metro Board of Directors could vote to award a construction contract as early as its June meeting.