logo
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

 


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

By  +Follow July 2, 2014 9:35AM
Share:
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. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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

Results for goog
Penny Stockington
29 Mar 15 17:54:41
Our Penny Stock Pick On $RCGP Gained As Much As 236% In 2 Days! Get Our Next Pick Early: http://t.co/22aEoRrPYm $CBL $GOOG $BLL
Stock Dawgzz
29 Mar 15 17:46:25
Our Penny Stock Alerts Have Gained Over 1600% In THe Past 4 Months! Subscribe Today: http://t.co/nsMnuzW59n $GPS $NSPR $GOOG
Stock Dawgzz
29 Mar 15 17:44:02
Our Penny Stock Alerts Have Gained Over 1600% In THe Past 4 Months! Subscribe Today: http://t.co/nsMnuzW59n $AMZN $MCOX $GOOG
StockenheimerSchmidt
29 Mar 15 17:44:00
$RCGP tripled in value within 2 days as of yesterdays high! high! Big News: http://t.co/RWkbY02YnU $ERBB $BBDA $GOOG
Stockaholics
29 Mar 15 17:34:22
Our Stock Tips Have Gained Over 230% Within 2 Days! Huge News: http://t.co/FW1zCk5dfw $CBL $GOOG $BLL
Stockaholics
29 Mar 15 17:32:45
Our Stock Tips Have Gained Over 230% Within 2 Days! Huge News: http://t.co/FW1zCk5dfw $ERBB $BBDA $GOOG
Bradley
29 Mar 15 17:30:15
Helpful video for stock options beginners!! http://t.co/8g4lUZPHEF $GOOG $AAPL $GOOGL $AMZN $FB $FEYE $FXCM http://t.co/jtNr9pEm9b
royfberger
29 Mar 15 17:24:06
True balls. $AAPL $GOOG $INTC $MTW $CAT $X $C $CSCO $T $SE $WU $MU $WBA http://t.co/8mR4s08jCl http://t.co/nBrI6kkS60
FinBUZZ Just-IN
29 Mar 15 17:24:00
These assets are seeing a jump in tweets $USDJPY $FB $EURUSD $AXP $GOOG http://t.co/9FKHirIbJp
Chollie H.
29 Mar 15 17:23:36
RT @TickerStock: PSW BLOG: A Novice Take On Understanding Options – Not as scary as I thought $AAPL $GOOG $TSLA $BABA http://t.co/GOOf5lr320
Surin Boss
29 Mar 15 17:23:13
$LL Tilson on a short & distort crusade? In 2004 $GOOG ipo, he said it would disappoint investors bc same mkt cap as $MCD, its up 12x since
Stockaholics
29 Mar 15 17:23:13
Our Stock Tips Have Gained Over 230% Within 2 Days! Huge News: http://t.co/FW1zCk5dfw $AMZN $MCOX $GOOG
Sam
29 Mar 15 17:18:08
Evening scans: $DAL $DG $GOOG $GOOGL $AAPL $GM $F $SLV $DUST http://t.co/YU579z0Ece http://t.co/1Z9hZOc7Ba
OM_giveaways
29 Mar 15 17:18:06
Learn stock technical analysis and charting. http://t.co/6TAu75F3hy $AAPL $GOOG $JRJC $LIVE $INTC $TWTR http://t.co/dNXZiOVgQj
Sergio Gambarelli
29 Mar 15 17:11:20
$GOOG - Warren Buffett: 3 Ways to Protect Your Savings From a Crisis http://t.co/UMg4MiAUPZ
Ruben
29 Mar 15 17:11:19
$GOOG - Warren Buffett: 3 Ways to Protect Your Savings From a Crisis http://t.co/nRwC9FhKQn
Solo traders
29 Mar 15 17:11:18
$GOOG - Warren Buffett: 3 Ways to Protect Your Savings From a Crisis http://t.co/8Xo2cdBM7y
Stocks News&Markets
29 Mar 15 17:11:17
$GOOG - Warren Buffett: 3 Ways to Protect Your Savings From a Crisis http://t.co/tvvPOobBpo
john smith
29 Mar 15 17:11:15
$GOOG - Warren Buffett: 3 Ways to Protect Your Savings From a Crisis http://t.co/X4vEqYqmNT
Live Stock News
29 Mar 15 17:11:14
$GOOG - Warren Buffett: 3 Ways to Protect Your Savings From a Crisis http://t.co/398cbIN9Wp
WLST.com
29 Mar 15 17:11:14
Warren Buffett: 3 Ways to Protect Your Savings From a Crisis $GOOG http://t.co/S6DviI426U http://t.co/JHbHMU3zEf
NASDAQ
29 Mar 15 17:11:12
$GOOG - Warren Buffett: 3 Ways to Protect Your Savings From a Crisis http://t.co/JIENxsTr7e
ProVesting
29 Mar 15 17:10:02
$AXP $KO $GOOG $GOOGL: Warren Buffett: 3 Ways to Protect Your Savings From a Crisis: http://t.co/82k7qhM6m6
Clayton R.
29 Mar 15 17:04:12
$GOOG http://t.co/zzGEvirsQD The Middle East's Growing Oil Demand Problem http://t.co/AMUjSJAH25
Stock Hobbit
29 Mar 15 16:49:06
Logging in now to live stock chat http://t.co/ndv5bWOOj4 $GOOG $AAPL $FB $EBAY #options #stocks #daytrading http://t.co/POMBoZsrVh
WLST.com
29 Mar 15 16:46:30
Google, Inc's Real Plan For Fiber Just Became Clear - TickerLens $GOOG #GOOG,Google http://t.co/S6DviI426U http://t.co/myeHAX2o3u
Dr Ausberto Torres
29 Mar 15 16:43:38
Those idiots should have googled instead: "How to rob a bank using Google tips but still not get caught because we googled that". $GOOG
PolgarStocks
29 Mar 15 16:43:35
$GOOG Short Sales Updated Sunday, March 29, 2015 7:07:08 PM $THCZ $VZ $MNST $IMOS http://t.co/p7wuKoBwFO
Edward Fine
29 Mar 15 16:43:16
$SDIG - Approved to be on $MSFT Xbox platform http://t.co/0fn7tj6i6Z $MSFT $P $AMZN $GOOG $STTK $CIDM, $CKEC,$MVES
royfberger
29 Mar 15 16:43:06
Logging into Option Millionaires LIVE chat NOW! http://t.co/p8xsJwhCQG $GOOG $AAPL $VIX #stocks #daytraders http://t.co/V5QvO7aQZM
FinancePress
29 Mar 15 16:41:39
$GOOG Google, Inc's Real Plan For Fiber Just Became Clear: Google, Inc's Real Plan For Fiber Just Became Clea... http://t.co/gawHLRNJz5
James DiPlata
29 Mar 15 16:18:55
RT @StockRocketzz: Our Penny Stock Newsletter Picks Gained Over 1485%! Huge Update: http://t.co/cDuleLERch $IBM $GOOG $AAPL
The Stock Professor
29 Mar 15 16:12:03
Intel Endures Resistance Starving Africa???s Militia Mines: [Bloomberg] - Intel Corp.????... http://t.co/I0RkHPXNZn $AAPL $GOOG $PCLN $K
Stock Rocket
29 Mar 15 16:11:15
Our Penny Stock Newsletter Picks Gained Over 1485%! Huge Update: http://t.co/cDuleLERch $AMZN $MCOX $GOOG
Stock Rocket
29 Mar 15 16:09:10
Our Penny Stock Newsletter Picks Gained Over 1485%! Huge Update: http://t.co/cDuleLERch $DPM $FRAK $GOOG
Stock Wire
29 Mar 15 16:07:26
Google, Inc's Real Plan For Fiber Just Became Clear $GOOG http://t.co/tmhO2CF99c
Clayton R.
29 Mar 15 16:03:57
$GOOG http://t.co/zzGEvirsQD A Hidden Cinema Treasure In Los Angeles: The Old Town Music Hall http://t.co/OqCqXV9M8J
Alpha Maven Alerts
29 Mar 15 16:01:54
$GOOG active, relative volume: 4.09, 1H, 7:00 PM, #nasdaq $NDX $SPY
FinBUZZ Just-IN
29 Mar 15 15:53:58
Access curated tweets- high relevancy, less spam- US Tech Giants http://t.co/kdZSg01UFl $MSFT $TWTR $AAPL $FB $GOOG
Stock Rocket
29 Mar 15 15:53:36
Our Penny Stock Newsletter Picks Gained Over 1485%! Huge Update: http://t.co/cDuleLERch $ERBB $BBDA $GOOG
Remedios Bell
29 Mar 15 15:52:55
$goog: Amazon Unveils a Listening, Talking, Music-Playing Speaker for Your Home
ProVesting
29 Mar 15 15:50:01
$GOOG $GOOGL: Google, Inc's Real Plan For Fiber Just Became Clear: http://t.co/xj0C9BCEmA
Sergio Gambarelli
29 Mar 15 15:46:16
$GOOG - Google, Inc's Real Plan For Fiber Just Became Clear http://t.co/veVazN8mhr
Ruben
29 Mar 15 15:46:15
$GOOG - Google, Inc's Real Plan For Fiber Just Became Clear http://t.co/P4MfqjmIAx
Solo traders
29 Mar 15 15:46:13
$GOOG - Google, Inc's Real Plan For Fiber Just Became Clear http://t.co/BLhrIBIeEX
Stocks News&Markets
29 Mar 15 15:46:13
$GOOG - Google, Inc's Real Plan For Fiber Just Became Clear http://t.co/cJnLxpjNW3
john smith
29 Mar 15 15:46:10
$GOOG - Google, Inc's Real Plan For Fiber Just Became Clear http://t.co/NJASxZEWY7
WLST.com
29 Mar 15 15:46:07
Google, Inc's Real Plan For Fiber Just Became Clear (GOOG, GOOGL) $GOOG http://t.co/S6DviHMrfm http://t.co/5chKjpwPzz
Live Stock News
29 Mar 15 15:46:06
$GOOG - Google, Inc's Real Plan For Fiber Just Became Clear http://t.co/i8ntYI5LP7
Bradley
29 Mar 15 15:46:06
What will the $DOW do tomorrow? http://t.co/RGFWb0kA5h $GOOG $AAPL $FB $EBAY #options #stocks #daytrading http://t.co/AjbSDxM9ns
				
				
By  +Follow July 2, 2014 9:35AM
Share:

Comments

 

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.