Los Angeles Gets $546M Loan For Light Rail Line To LAX
LOS ANGELES (AP) — The federal government will loan Los Angeles $546 million to help build an 8 1/2-mile light rail line that would run from the Crenshaw district to a station near the airport.
California Sen. Barbara Boxer said she received the news Friday from U.S. Transportation Secretary Ray LaHood.
The loan is the first federal commitment to Mayor Antonio Villaraigosa’s effort to construct several transit projects in 10 rather than 30 years. It will cover more than a third of the costs of the estimated $1.4-billion Crenshaw/LAX Transit Corridor.
The mayor said the Crenshaw line will serve as a critical link to the Exposition and Green light-rail lines.
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