Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?


With Expo Line Extension 60% Done, Los Angeles Rethinks Traffic

By  +Follow July 2, 2014 9:35AM
Tickers Mentioned:

Los Angeles Exposition line, Silicon Beach, Carmageddon, the 101, the 110, the 405

Los Angeles’ subway Exposition Line extension is 60% done and a year ahead of schedule, and will hit Colorado Boulevard and Fourth Street just three blocks from the Pacific by the end of 2015. So far all of the bridge construction is done and all seven stations are under construction, bringing the promise to finally connect the "Silicon Beach" tech hub in Santa Monica to the rest of the LA metropolitan area closer to reailty.

Less Cars, More Public Transit

Traffic in Los Angeles has been a pain for its residents for decades. Seven of the top 10 most congested roads in the United States are in Los Angeles County. Thousands of hours are wasted every day in the always-jam-packed highways such as “the 101,” “the 110,” and the notorious “405.”

Now Los Angeles has started to follow the trend of instituting legitimate public transportation. And it’s set to change the landscape of LA permanently.

According to the latest survey conducted by the Frontier Group and the U.S. PIRG Education Fund, more Americans now commute to work by foot, bicycle, or public transportation. By 2011, the average American was driving 7.6% fewer miles per year than that in 2004, and from 2006 to 2011, the per capita average of vehicle-miles traveled dropped in almost three-quarters of major urbanized areas in the United States.   

Southern California residents mirror the national shift in transportation habits. The Los Angeles-Long Beach- Santa Ana area saw a 2.3% decrease in the miles residents drove per capita compare they did in 2006. The volume of workers commuting by car fell by 2%. 

In contrast, the average number of vehicle miles traveled on public transportation in Los Angeles-Long Beach- Santa Ana area increased by 14%, compared to 2000 mid-year.

Authors of the report suggested at the end of the survey that “officials should reallocate resources away from wasteful highway expansion projects and toward system repair and programs that expand the range of transportation options available to Americans.”

Government Accelerates "Car Culture" Shift

California has never seemed to give up on freeway expansion projects. The 405 Freeway Widening Project, or the cause of “Carmageddon,” was a notable example. The city spent $1.1 billion widening the third worst traffic corridor in the nation, and, after years of construction, traffic did not improve nearly in proportion to the money the city threw into the project. The first day the new 405 opened, with a new carpool lane stretching all the way from Orange County, it received both applause and eye rolls from users. During rush hour, Google (GOOG) Maps still showed the 405 Freeway was red as always. 

Slowly but surely, LA is catching on. In 2012 “the Metro” opened the Expo Line Light Rail Phase 1, and an extension of the Orange Line Busway. Now with the construction of Expo Line Phase Two is going to be done soon, an even sharper increase in the number of public transit commuters is widely expected.   

Before Mayor Garcetti was elected in 2013, former Mayor Antonio Villaraigosa had already been on the track to accelerate funding for light rail and subways systems. Although projects like the freeway expansion ate a big portion of budget, the city has commited to lay almost 115 miles of track by 2036. Along with an increase in bus ridership, the city has seen a decline in the number of cars registered in Los Angeles County, a trend that is likely to continue.

In the past, it was nearly insane not to recommend tourists in Los Angeles rent a car and instead get taxis or buses and take the train. Today, and going forward, the city is rethinking traffic. Los Angeles, the "City of the Car,” is changing its pattern for commuters and looks likely to no one day no longer auto-centric.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.

Signup for our daily newsletter and get our best articles emailed right to you!

Results for goog
Thomas Price
19 Dec 14 01:20:26
$GOOG & $HIMX investors should check out the MikeSnider article for a sense of what's coming. http://t.co/T4JLbCRbEN googleglass USATODAY
19 Dec 14 01:20:26
$GOOG & $HIMX investors should check out the MikeSnider article for a sense of what's coming. http://t.co/cCtTpJqfkM googleglass USATODAY
19 Dec 14 01:17:02
The Most Terrifying Trend Facing Google - Business Insider http://t.co/YDynkdAzdo #InvestWall $GOOG $AMZN
Roxann Bayer
19 Dec 14 01:16:20
Are you Bearish on these #stocks $WMB $HHC $NUS $GOOG Give it a try http://t.co/Jjdz2bD0Rt
IH News Desk
19 Dec 14 01:14:18
$ACT Company Info Updated Friday, December 19, 2014 03:11:45 AM $XLB $XLB $GM $GOOG http://t.co/sFVritlkUr
Nedra Barkley
19 Dec 14 01:11:12
Get Free research on $NFX $LSI $ALXN $GOOG #StockMarket http://t.co/HCPIGFn7sO
Darin Nickerson
19 Dec 14 01:10:54
Find the next hot #pennystock $CMP $CRM $RRC $GOOG #singedinvestor http://t.co/mp0mXUieAs
Lu Askew
19 Dec 14 01:06:13
Looking for research on $PX $DRC $PAYX $GOOG #personalfinance http://t.co/Krsa4VHVgA
Lael Nation
19 Dec 14 01:05:58
Are you Bullish on these #stocks $RCL $AMT $SBUX $GOOG #Stock http://t.co/Kxap9GwqBE
Alesia Quick
19 Dec 14 01:00:10
Are you Bearish on these #stocks $EQT $KSU $ADBE $GOOG #moneymanagement http://t.co/3bN1rHNvwG
Margart Kellum
19 Dec 14 00:57:09
Sick and Tired of losing money on $CBG $RGLD $HP $GOOG #NASDAQ http://t.co/iX2qNTt3ey
Sanora Shoemaker
19 Dec 14 00:54:49
Regretting your investment in $COL $TJX $MDVN $GOOG #StockMarket http://t.co/w1bxEOKBUg
Brice Means
19 Dec 14 00:53:35
Stocks I'm keeping my Eye on...should you? $TYC $MAT $Y $GOOG #Research http://t.co/6GmFjdyHAn
Wilburn Miller
19 Dec 14 00:51:42
Latest Earnings info on $KIM $HTA $CNQR $GOOG #economy http://t.co/ff10Fm0h8W
Cristi Toney
19 Dec 14 00:49:54
Could be breaktout time on $POM $CTAS $BMS $GOOG #equity http://t.co/GQ93BFTwKr
German Hawa
19 Dec 14 00:42:49
Insider Trading alerts on $ZION $DD $VR $GOOG Must have http://t.co/BHBYtYT7gO
Charis Hendricks
19 Dec 14 00:42:41
Regretting your investment in $SCTY $RHT $UNM $GOOG #overvalued http://t.co/8VdVPhu0Ku
Sol Wentworth
19 Dec 14 00:41:01
Are you Bullish on these #stocks $CLGX $MCHP $MCY $GOOG #personalfinance http://t.co/6bMgzmcd7s
Necole Harter
19 Dec 14 00:40:31
Shoud you sell or hold stocks like $TXN $WAT $INFA $GOOG #financial http://t.co/SF44d2U8mH
Nathalie Garnett
19 Dec 14 00:40:28
Todays Stocks you should be watching $CST $AM $DPZ $GOOG Must see http://t.co/h5Zz29dscK
Nathalie Garnett
19 Dec 14 00:39:54
Great #Pennystock #research $GNW $TIBX $XOM $GOOG Give it a try http://t.co/XP7BihIpsQ
Graysen Bussey
19 Dec 14 00:39:53
Buy or sell? $LPNT $SCG $ELS $GOOG Worth a look http://t.co/BhrBcvGv5J
Saran Linton
19 Dec 14 00:36:52
Could be breaktout time on $HAR $MO $ANSS $GOOG #liquidity http://t.co/L9JhRBNSYH
Keesha Mallory
19 Dec 14 00:35:01
Are you considering buying $DAL $CF $WAB $GOOG #wallstreet http://t.co/M7s2sMDWxr
Laquanda Farrow
19 Dec 14 00:32:37
#Stock Market Reports you need on $STR $DNB $ENDP $GOOG #wallstreet http://t.co/RR8Bj97mi7
Nedra Barkley
19 Dec 14 00:30:29
Regretting your investment in $AMGN $GOOG $RGC $USD #newsletter http://t.co/5hQYtjwcEX
19 Dec 14 00:29:51
$GOOG Android M: Google Inc. Plans To Take Your Car Online With Android Auto: Android M: Google Inc. Plans To... http://t.co/Fn7OcsQMAI
Fidel Guevara
19 Dec 14 00:26:35
Are you putting your money in $JNJ $STJ $SDRL $GOOG Click http://t.co/RfAW1G854l
Kelly Orta
19 Dec 14 00:25:59
5 Stocks you should be watching $WFC $DISH $SIX $GOOG #personalfinance http://t.co/3eovt4oXAi
19 Dec 14 00:15:30
$ECIG 400% upside buyout target of $0.50. $200M revenue expected in 2015 $HES $GOOG $SNV traders read: http://t.co/xi3978GuDs
Rita Simpkins
19 Dec 14 00:05:16
Are you thinking of Investing in $HNT $OCR $ATW $GOOG #economy http://t.co/mu6NjDOLrP
Lettie Hatfield
19 Dec 14 00:05:09
Should you hold or add to $SCI $LAZ $KRFT $GOOG Try this http://t.co/fNw6Rr2GcH
Walton Dunham
19 Dec 14 00:03:38
5 Stocks you should be watching $LVLT $APC $NYCB $GOOG #moneymanagement http://t.co/2Tb0sR3j0k
Bodhi Thatcher
19 Dec 14 00:02:32
Find the next hot #pennystock $KRO $NUE $HUN $GOOG #personalfinance http://t.co/nOUZ0GR0bZ
Arielle Messer
19 Dec 14 00:02:29
Awesome #Stock #Research on $ATI $LUV $COG $GOOG Give it a try http://t.co/HonLKeoLky
Anne Howsham
19 Dec 14 00:02:29
#Stock Market Reports you need on $DNB $HOG $CFX $GOOG View now http://t.co/oydQ1YNo0n
Alex Webb
19 Dec 14 00:00:54
RT @Rauwald: Google Auto Faces German Resistance as Audi Guards Data -- http://t.co/rZRPVropMU @BloombergNews @corneliusrahn @elisbehrmann …
Maryellen Crutcher
18 Dec 14 23:49:04
Looking for more info on $LNKD $XLS $UNH $GOOG Goto http://t.co/wvDgIoeAK0
18 Dec 14 23:48:22
Google Auto Faces German Resistance as Audi Guards Data -- http://t.co/rZRPVropMU @BloombergNews @corneliusrahn @elisbehrmann $GOOG
Carrie Nixon
18 Dec 14 23:41:36
Bad #Invesments like got you down $GPC $REG $ESV $GOOG #financialnews http://t.co/vgSIQTr6Oi
18 Dec 14 23:40:12
$GOOG online stock traders get their trading information here - No Login Required - http://t.co/Keh8UA67JS
18 Dec 14 23:37:33
Google's Search Business May Not Survive The Next 10 Or 20 Years $GOOG $AAPL $YHOO $GOOGL http://t.co/gMUG1ZhVaH
Damian Stone
18 Dec 14 23:33:12
#Stock Watchlist you should be looking at $FOXA $LLTC $EW $GOOG Give it a try http://t.co/ipQ2loLzhb
Josue Marrero
18 Dec 14 23:29:59
Regretting your investment in $DST $NUAN $NVDA $GOOG #StockMarket http://t.co/vUJtO1gDSw
News & Videos
18 Dec 14 23:20:12
$GOOG $GOOGL: Bloomberg: Google Does Street View of `Colbert Report’ Set http://t.co/FLCHRK6nkQ http://t.co/PZBhTYPuz8
Josette Becnel
18 Dec 14 22:40:21
Would you like great research on stocks $TER $TAHO $TMO $GOOG #newsletter http://t.co/g2EcSuxrZz
Spencer Rascoff
18 Dec 14 22:34:30
@jonsteinberg would you rather see YouTube numbers from $GOOG or AWS numbers from $AMZN? Close call. Both must be huge.
Astrid Walton
18 Dec 14 22:34:04
Find the next hot #pennystock $DISH $WLK $PKI $GOOG #wallstreet http://t.co/qg6VLSxMxj
18 Dec 14 22:32:02
日本では普及しないかも $goog
18 Dec 14 22:30:06
All-Time Lows: $TMST $GOOG $YNDX $ARR $JIVE $LINE $ECA $WB $NRP $W $FET $BSMX $BAS $CJES $ERF http://t.co/Vv2VEnpBuv #analytics #daytrading
By  +Follow July 2, 2014 9:35AM



blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.