Metro project acceleration plan
The Metro Board of Directors this month will consider a project acceleration plan that, on average, would lop an average of 10 years off the time it takes to build second and third decade Measure R transit and road projects. It’s a big deal for many reasons — the foremost being that it could allow the taxpaying public to enjoy the investments they’ve made in local transportation a lot sooner than originally planned.
The Metro staff report that explains the plan is above.
In order to best explain the plan being proposed by Metro staff, it helps first to understand two fundamental truths about Measure R, the half-penny sales tax increase approved by Los Angeles County voters in 2008.
The plus side of Measure R was that it provided funding to a long list of transit and road projects, many of which were long sought by the region but lacked funding. Measure R remedied that — and is the reason that five new rail lines will be under construction simultaneously by the middle of this decade along with a host of highway projects, including the widening of the I-5 between the 605 and the Orange County line.
Measure R, however, also posed a challenge. The sales tax would last for 30 years — from July 1, 2009, to June 30, 2039 – and the construction of projects it funded were staggered over that three decade span. The third phase of the Purple Line Extension, for example, is currently scheduled to open in the mid-2030s, meaning the future children of current Bruins may be able take the train to campus. In other words, it’s a long time from now. The is true not just for the Purple Line, but for other lines to the Eastside, the South Bay, Southern L.A. County, the Westside and the San Fernando Valley as well.
It’s precisely for this reason that the Metro Board of Directors adopted a policy in 2010 to accelerate projects if possible under the America Fast Forward plan, which proposed an expansion of low cost federal loans for transportation nationwide. Besides the obvious benefit of getting to ride or drive on projects earlier, acceleration may also allow Metro to save on construction and borrowing costs (recently both have been at historic lows due the Great Recession but may now be starting to rise) and to create much-needed jobs.
I’ll better explain the new acceleration plan in a moment, but first a very important caveat: Approval by the Board doesn’t guarantee that any transit or road project would be accelerated. Ultimately, the plan will depend on Metro’s ability to secure loans and bonds from the federal America Fast Forward program, as well as federal New Starts money. In other words, Congress and President Obama must act to expand the amount of loans and bonds available to transit agencies around the United States and to provide federal New Starts to Los Angeles County.