Transactions - JUNE 26, 2017

Metro Board approves $1.4b budget for 11.5-mile extension

by Andrea Waitrovich

The Los Angeles County Metropolitan Transportation Authority board of directors on Thursday approved a $1.4 billion budget and related partnership agreements for an 11.5-mile extension of the Foothill Gold Line light rail route from Glendora to Claremont.

However, the project may not have all the necessary funding in place, according to the San Gabriel Valley Tribune.

The Metro board approved a partnership agreement with the Foothill Gold Line Construction Authority, the agency that will build the extension. Construction workers will break ground on the project in October, with the full extension expected to open by 2027.

The extension is one of many transit projects set to be funded through Measure M, the sales tax hike approved by L.A. County voters in November. It will be the first rail project funded by the measure, according to L.A. Curbed.

Under the Measure M spending plan, the extension is set to receive $1.02 billion in sales tax revenue.

In addition to Measure M funds, Metro intends to apply for a $249 million grant from the state’s Transit and Intercity Rail Capital Program. If that money does not become available, the transit agency will search for other sources of funding, the agency said in the statement.

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