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LA Metro: 45-Day Public Review Set For $400B, 30-Year Transit Plan
The Los Angeles County Metropolitan Transportation Authority (Metro) Board of Directors has authorized the release of an updated draft of its 2020 Long Range Transportation Plan (2020 LRTP), a $400 billion, 30-year transportation blueprint for the region. There is a 45-day public review period (through July 13, 2020) to gather comments.
The plan, Metro said “lays out a future vision and roadmap for bringing about a more mobile, sustainable and vibrant future for Los Angeles County. Through extensive public outreach during the past 18 months that included 77 community meetings, 28 public workshop meetings and 20,000 survey responses from the public, Metro has distilled the region’s desires into four goals: Better Transit, Less Congestion, Complete Streets and Access to Opportunity.”
The draft 2020 LRTP outlines what Metro “is doing currently and must do for Los Angeles County over the next 30 years. Current challenges, including the COVID-19 pandemic crisis, will present opportunities for Metro to take bold action and help achieve mobility improvements for the region.”
The 2020 LRTP details how Metro will add more than 100 miles over the next 30 years, “the most aggressive transit expansion plan in the nation.” Beyond transit, Metro will invest in arterial and highway projects to reduce congestion—such as the I-5 North enhancements project and adding more ExpressLanes—and bicycle and pedestrian projects, such as the L.A. River Path Project to close the eight-mile gap in the path between Elysian Valley and Maywood.
In addition, the draft 2020 LRTP includes more than $200 billion for operations and state of good repair, as well as $38 billion in funding for local agencies to maintain their transportation systems.
The plan also notes “the potential to deliver significant mobility benefits to the region through the major capital projects, programs and bold policies.” After implementation, those benefits include 21% of county residents and 36% of jobs within a 10-minute walk of rail or BRT (bus rapid transit) options, up from only 8% of residents and 16% of jobs currently. If implemented, the plan aims to result in an 81% increase in daily transit trips, a 31% decrease in traffic delays and a 19% decrease in greenhouse gas emissions.
The 2020 LRTP is available for viewing and public comment at www.metro.net. The 45-day public review period will run from May 29, 2020 through July 13, 2020. Those interested is providing comments can submit by mail to: Attn Long Range Planning, LA Metro, One Gateway Plaza, Los Angeles, CA 90012-2952 or by phone: 213.922.2833 or by email at metroplan@metro.net. Metro’s Board of Directors are expected to adopt the Final 2020 LRTP toward the end of summer 2020.
“Over the coming decades, Metro will be faced with numerous complex decisions about how to address our region’s transportation challenges,” said Metro Board Chair and Inglewood Mayor James T. Butts. “Significant investments will be needed to maintain the region’s aging roadway and transit systems, while managing and modernizing the system to prioritize safe and reliable transportation services.”
Since the plan was announced, Fitch Ratings analysts Andrew Ward, Senior Director, and Primary Rating Analyst; Karen Ribble, Senior Director and Secondary Rating Analyst; and Jose Acosta, Senior Director and Committee Chairperson, have noted that Metro’s “Rating Outlook is Stable.” Read the analysis in its entirety below:
Fitch Ratings has assigned an “AA+” rating to the following Metro bonds:
• $29 million Proposition C sales tax revenue refunding bonds, senior bonds, series 2020-A.
In addition, Fitch has affirmed the following:
• Metro’s Issuer Default Rating (IDR) is at AA+.
• Outstanding Proposition C sales tax revenue bonds at AA+.
The bonds are scheduled to sell via competitive sale on or about June 3, 2020. Bond proceeds will refund some or all of the authority’s outstanding 2010-A bonds for economic savings and pay costs of issuance.
https://www.railwayage.com/passenger/la-metro-45-day-public-review-set-for-400b-30-year-transit-plan/
Baker, Notable from LB
Get in here TrainNRailFAGS....YES, $400 BILLION with a "B"!!!!!!!
Socialist New Green BS embedded in the deal? Anons let your voice and comments be heard!