STATE ALLOCATES $53 MILLION FOR METRO RED LINE SEGMENT TWO; FUNDS ARE ACCELERATED TO HELP FINANCIALLY TROUBLED LOS ANGELES
STATE ALLOCATES $53 MILLION FOR METRO RED LINE SEGMENT TWO;
FUNDS ARE ACCELERATED TO HELP FINANCIALLY TROUBLED LOS ANGELES
LOS ANGELES, July 15 /PRNewswire/ -- The California Transportation Commission (CTC) has allocated $53 million in state funding, to advance construction of the second segment of the Metro Red Line.
The funding, granted Wednesday at the monthly meeting of the state commission, is the second half of $106 million approved as part of an economic recovery plan to help the Rebuild Los Angeles effort.
The funds, originally planned to be available by fiscal years 1994-1995 and 1995-1996, were accelerated two years in support of a proposal made by the Los Angeles County Transportation Commission (LACTC) to create job opportunities now rather than later to help riot-scarred communities.
Segment two of the Metro Red Line extends westbound under Wilshire Boulevard from Alvarado Street to Western Avenue and northbound from Wilshire/Vermont to Hollywood/Vine.
Construction of the Metro Red Line project is funded with federal, state and local dollars. The state's share for segment two is $186 million.
/CONTACT: Clara Potes-Fellow or Stephanie Brady of LACTC, 213-244-6566 or 213-244-6792/ CO: Los Angeles County Transportation Commission ST: California IN: SU: KJ-EH -- LA041 -- 9807 07/15/92 20:11 EDT