June Board meeting agenda
The Metro Board of Directors meeting on Thursday should be both interesting and longer than a cold winter’s night with a broken furnace and no firewood, matches or a blanket. The Board has a lot on its collective plate, including several items that taken together will determine how billions — yes, billions — of dollars will be spent by Metro in the coming years.
As it happens, the items are also indirectly or directly related so please allow yours truly to attempt to explain how the pieces of the puzzle fit together:
•ITEM 52 The Board will consider awarding a $1,272,632,356 contract to Walsh/Shea Corridor Contractors to build the Crenshaw/LAX Line, the 8.5-mile light rail line between the Expo Line and Green Line. The Board voted last month to add two optional stations to the project at Leimert Park and Hindry before the staff contract recommendation had been released.
As it happens, the cost of the contract was higher than expected, in part because of the cost of the new stations. That, in turn, has resulted in the overall cost of the project increasing to $2.058 billion. That also means that Metro has to put aside more contingency money — specifically, $160 million.
In order to cover that cost, staff has proposed moving some Measure R funds around: $47 million from the South Bay’s ramps and interchanges project, $47 million from the Airport Metro Connector project, $55 million from the Call for Projects for the Central Area and $10 million from the Wilshire Bus Lane project (an older project not to be confused with the peak hour bus lanes that are scheduled to fully open in 2014). STAFF REPORT
Please keep reading — much more after the jump!