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Transforming the Future of Los Angeles

Transforming the Future of Los Angeles. Who is Move LA ?. Initiated the discussions that led to Measure R on the November 2008 ballot: a ½ cent sales tax increase to raise $40 billion for LA County transportation over 30 years

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Transforming the Future of Los Angeles

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  1. Transforming the Future of Los Angeles

  2. Who is Move LA ? • Initiated the discussions that led to Measure R on the November 2008 ballot: • a ½ cent sales tax increase to raise $40 billion for LA County transportation over 30 years • Built the Environmental, Labor, Business coalition that championed Measure R • Measure R was approved by 67.8% of voters

  3. What Does Measure R Provide? • ½ cent sales tax increase in LA County for 30 years • Will raise $40 billion for LA County transportation investments over 30 years • About 70% of the funds will go for public transit • 35% or about $14 billion is dedicated to 12 specific rail and fixed guideway bus rapid transit projects

  4. RESULTS Measure R Press Conference, November 5, 2008 (Left to Right: LA Mayor Antonio Villaraigosa, Wendy Gruel, Assemblyman Mike Feuer, Move LA: Denny Zane, Diane Forte, Marlene Grossman)

  5. 12 Measure R Transit Projects • Westside Subway • Regional Connector LRT • Foothill Gold Line LRT • Crenshaw LRT • Exposition LRT (Phase 2) • Gold Line Eastside LRT (Phase 2) • Green Line LRT- South Bay • Green Line LRT – LAX • SFV I-405 • SFV East North-South BRT • SFV North-South BRT (Canoga) • West Santa Ana Branch LRT

  6. MEASURE R RAIL TRANSIT ADDS 76 MILES* Partial list BACK TO PACIFIC RED CAR DAYS *Excludes 11.5 mi. additional BRT

  7. Measure R Transit Benefits Jobs and economic stimulus: • 166,000 transit construction jobs in LACounty alone • 500,000 total jobs created Air quality: Eliminate 568,458 pounds emissions/year Fuel Savings: Save 10.3 million gallons gasoline/year Transit Growth: 77 million more annual transit boardings Congestion relief : 208 million fewer vehicle miles traveled

  8. Move LA now works to… • Accelerate Measure R projects through the “30-10 Plan” • Expand operating dollars for public transit • Ensure transit & pedestrian oriented land use policies • Ensure an ambitious SB 375 implementation program.

  9. The 30-10 Plan: Accelerates 12 Measure R Transit Projects Can we build 30 years of projects in 10 years? Yes, if we can get low cost financing! The barrier is not planning, design, environmental review, or construction time. The real barrier is cash flow.

  10. Benefits of the 30-10 Plan • Reduced construction costs, perhaps $4 billion or more in savings • Could be used for interest payments, transit operating costs or additional transit projects • Accelerated congestion relief • Accelerated air pollution and greenhouse gas reductions • Accelerated economic development benefits • Accelerated job benefits

  11. Total Transit Project Savings with 30-10 Plan

  12. Transit Project Status Under Construction • SFV North-South (Canoga)BRT Construction Ready • Gold Line Foothill LRT Finishing EIRs • Exposition LRT (Phase 2) • Crenshaw LRT EIRs Underway • Wilshire Subway • Gold Line Eastside LRT (Phase 2) • Green Line LRT- South Bay • Regional Connector LRT Planning Not Started • Green Line LRT - LAX • SFV East North-South BRT • SFV I-405 • West Santa Ana Branch LRT

  13. “30-10 Plan”Proposed Federal Funding Strategies • Federal “New Starts” Grant / Early Systems Work Agreement • Expanded TIFIA (loan)“The Transportation Infrastructure Finance and Innovation Act of 1998” • New Transit Investment Bonds • Likely includes private financing with federal loan guarantee and interest subsidy (0% interest loans possible)

  14. Los Angeles Times6/9/2010 Mayor Villaraigosa's 30/10 plan: Moving forward • “The 30/10 transit plan is the most important initiative ever proposed by Mayor Antonio Villaraigosa. If, as seems increasingly likely, it's embraced by Congress, it will become one of the nation's most significant public infrastructure projects…In fact, in a recent conversation with the mayor, President Obama called the proposal "a template for the nation.“ Tim Rutten

  15. What is the Status of “30-10 Plan” • Championed by Senator Barbara Boxer • Endorsed by nearly all the LA County delegation to Congress • Key parts embraced by the Obama Administration

  16. What Can We Do? Momentum is excellent – Time for action is now!

  17. www.MoveLa.org

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