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MTA BOARD APPROVES ADDED FUNDING FOR THE PASADENA LINE

    LOS ANGELES, Sept. 15 /PRNewswire/ -- The MTA board of directors today approved a financial plan that identifies an added $57 million to to fund this year on the Pasadena Line light rail line.
    The added funds increase this year's Pasadena Line budget from $40 million to $97 million.  The revised budget provides $40 million for final design, $20 million for real estate acquisition, $12 million for the Los Angeles River bridge construction, $10 million for utility relocation, $5 million for hazardous waste removal, $5 million for agency costs, $3 million for construction management, and $2 million for track work.
    The sources of the additional funds are summarized as follows:
    -- $30 million of Proposition C funds transferred from the Transit-
        on-Highway account;
    -- $20 million from state rail bonds; and
    -- $7 million loan from the City of Pasadena.
    MTA Chairman and Los Angeles City Councilman Richard Alatorre called the budget adjustment "a good compromise.  It fulfills a commitment made in the past to the Pasadena Line, without having an impact on other modes of transportation."
    "This budget arrangement avoided cost implications for bus riders, which is something we must guard against in the future," said Marvin Holen, alternate to Supervisor Ed Edelman on the MTA board.
    Identification of additional funds was necessary to respond to a budget amendment made by the MTA Board on Aug. 25, when it approved a $40 million allocation for the Pasadena Line and directed staff to add $57 million to the Line's budget.
    The Pasadena Line is a 13.6-mile light rail system connecting downtown Union Station to Sierra Madre Villa Avenue in East Pasadena. Construction of the line is scheduled to start in early 1994.  As currently planned, the line will serve the communities of downtown Los Angeles, Mount Washington, Highland Park, South Pasadena, and Pasadena.
    -0-             09/15/93
    CONTACT:  Clara Potes-Fellow, 213-244-6566, or Jim Smart, 213-244-7443, both of MTA News Bureau CO:  LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION
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-- LA027 -- X252 09/15/93
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Publication:PR Newswire
Date:Sep 15, 1993
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