ARCADIA (CBS) — A $485.8 million contract was awarded Wednesday for the extension of the Metro Gold Line from Pasadena to Azusa.

The Metro Gold Line Foothill Extension Construction Authority chose Kiewit and Parsons construction firms to jointly complete the project.

The project will extend the line 11.5 miles to include the cities of Arcadia, Duarte, Irwindale and Monrovia on the line.

It would also bring 7,000 jobs to Southern California and contribute $1 billion to the local economy over the next four years.

The extension is scheduled to begin in 2012 and be completed by 2015.

Comments (14)
  1. Mike_88 says:

    The gold line would save me a couple hours per trip.

  2. ozzy says:

    I’ve been on that gold line from Altadena to Dt Los Angeles, pretty cool and relaxing ride….

  3. Ray says:

    How can 500 million bring 1 billion to the local economy the numbers don’t add up maybe they mean 10 million I think that’s a more like it.

    1. James says:

      The $500 million creates an economic ripple effect. For example, construction workers earn money on the job, so they go to a local restaurant to eat; the local restaurant owner’s business increases, so he hires another employee; that new employee takes his first paycheck and goes shopping for shoes; the shoe store owner sees that his business is improving, so she decides to have her house painted; and the house painter takes some of the money he earned and buys his daughter a pony. The economic forecasters must be estimating that each dollar spent on the project will lead to two dollars in economic activity. It’s the same principle behind government economic stimulus programs.

      1. James says:

        Oops — one mistake in my last post. I guess the shoe-store owner also got a sex change operation with his money.

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