The Los Angeles Streetcar project is holding two public meetings in downtown to explain and discuss the upcoming vote for downtown residents on whether they should tax themselves to help fund the streetcar.
Specifically, the vote is whether a “community facilities district” should be created downtown, the idea being that residents within the district levy a tax on themselves. The tax is based on property values; Los Angeles Streetcar says that the typical condo owner will pay about $60 per year.
I’ll be blunt: the vote is critical to building the streetcar in the near-term. The Community Facilities District is expected to pay about half the $125 million cost of the project and having local funding is critical to attracting the federal funding that will be needed to complete the streetcar.
Ballots will be mailed to registered voters in downtown Los Angeles on Nov. 13 and they must be returned by Nov. 28. Here’s a look at the Community Facilities District below, along with the route chosen for the streetcar, which will be easily accessible from many Metro bus routes, including the Silver Line, along with the Red/Purple Line subway and the future Regional Connector.
Categories: Transportation News