3/3/11- CRA Approves $8.4 Million for Downtown L.A. Streetcar

CRA Approves $8.4 Million for Downtown L.A. Streetcar Action completes funding for environmental review and engineering of the project which will generate 9,300 jobs, spur $1.1 billion in development and generate $24.5 million in annual tourism and spending

LOS ANGELES (March 3, 2011) – The Community Redevelopment Agency of the City of Los Angeles (CRA/LA) today obligated $8.4 Million in funding for the Downtown L.A. Streetcar, a public-private partnership project championed by City Councilmember José Huizar’s Bringing Back Broadway initiative and non-profit, L.A. Streetcar Inc. Previous CRA/LA actions obligated $1.6 Million of the $10 Million pledged by the agency for the project.

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