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


Liked What You Read? Join Equities.com as a contributor and get eyeballs on your content FOR FREE!

Results for goog
KnightOfThe1stOrder
30 Jul 15 17:52:28
RT @sa_alerts: @65_SensuBeans $goog With Android Auto, Google Goes After Tesla's Infotainment Advantage http://t.co/9K6otfG0Oc
KnightOfThe1stOrder
30 Jul 15 17:52:16
RT @sa_alerts: @65_SensuBeans $goog A First-Hand Look At The Google Fi Opportunity http://t.co/UGaC3gMJoi
KnightOfThe1stOrder
30 Jul 15 17:52:09
RT @sa_alerts: @65_SensuBeans $GOOG Reports: New Google Glass model provided to enterprises http://t.co/0B4cyYyuMr
KnightOfThe1stOrder
30 Jul 15 17:51:51
RT @sa_alerts: @65_SensuBeans $GOOG Sri Lanka signs up as first Project Loon partner http://t.co/0aCuJthDAi
Michael Cook
30 Jul 15 17:51:22
Our Stock Alerts Gained Over 550% This Month Already! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0eCx9 $ERBB $BBDA $GOOG
Michael James
30 Jul 15 17:50:10
After A MASSIVE 525% Gain On $GEQU, We Have A New Pick Ready! Special Update: http://t.co/wFGuoX67mX $ERBB $BBDA $GOOG
royfberger
30 Jul 15 17:49:16
$GOOG $SPY $QQQ $MA Chartist - Update from Option Millionaires - Stock Options Chatroom $ISRG - prepare to have an... http://t.co/wTHXFAboep
Paul Henry
30 Jul 15 17:48:18
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Get Early Access To Our Next Pick: http://t.co/xXdYdpiHOc $ERBB $BBDA $GOOG
Stock Geek
30 Jul 15 17:47:40
RT @goldluvr: $GOOG $GOOGL $AAPL Chartist - Update from Option Millionaires - Stock Options Chatroom $ISRG - prepare to have an ... http://…
Michael Cook
30 Jul 15 17:42:11
Our Stock Alerts Gained Over 550% This Month Already! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0eCx9 $IBM $GOOG $AAPL
Michael James
30 Jul 15 17:41:00
After A MASSIVE 525% Gain On $GEQU, We Have A New Pick Ready! Special Update: http://t.co/wFGuoX67mX $IBM $GOOG $AAPL
Stock Forums
30 Jul 15 17:39:07
GOOG Google Inc. - Class C P/E Ratio http://t.co/bGZo2gOxaL $GOOG $UA $BHP $AGIO #GOOG #nasdaq #tradeideas
Paul Henry
30 Jul 15 17:39:05
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Get Early Access To Our Next Pick: http://t.co/xXdYdpiHOc $IBM $GOOG $AAPL
Acousticspro22
30 Jul 15 17:38:46
RT @H3bK11: RT Reports: New Google Glass model provided to enterprises http://t.co/zNPicKfeyE $GOOG $GOOGL $HIMX
Michael Cook
30 Jul 15 17:31:02
Our Stock Alerts Gained Over 550% This Month Already! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0eCx9 $CBL $GOOG $BLL
Michael James
30 Jul 15 17:29:58
After A MASSIVE 525% Gain On $GEQU, We Have A New Pick Ready! Special Update: http://t.co/wFGuoX67mX $CBL $GOOG $BLL
Ryan Newman
30 Jul 15 17:29:24
Is your job in danger from the technological revolution? #ausbiz #technology #RiseOfTheMachines $AMZN $GOOG $XRO $REA http://t.co/gbvA92WixD
Toby/Shelly Heyworth
30 Jul 15 17:28:22
RT @H3bK11: RT Reports: New Google Glass model provided to enterprises http://t.co/zNPicKfeyE $GOOG $GOOGL $HIMX
Paul Henry
30 Jul 15 17:27:56
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Get Early Access To Our Next Pick: http://t.co/xXdYdpAiFK $CBL $GOOG $BLL
Best Trader
30 Jul 15 17:26:04
#USDJPY Major Support at $123.79 Short-term Upside +150 pips $FB $GOOG $AMZN $NFLX $DPZ $AAPL $CSCO $BA $CAT $SBUX http://t.co/BO1vMYj6Vl
Tesla New York
30 Jul 15 17:24:20
Reports: New Google Glass model provided to enterprises $GOOG $GOOGL $HIMX #Wearables #WearableTech #SmartGlasses http://t.co/7rQUoakGgm
Apple News Outlet
30 Jul 15 17:24:01
RT @Stockology101: New Research Makes 6 Important Points about Apple Users: [at noodls] - 09 July 2015 F-Sec... http://t.co/mzg7XGSYMh $AAP…
Best Trader
30 Jul 15 17:23:13
http://t.co/50X25J9qTg $123.79 Next Major Support for Reversal Trade +150 pips #USDJPY #yen $FB $GOOG $AMZN $NFLX $DPZ $AAPL $CSCO $MA $V
Tech Insider
30 Jul 15 17:22:14
Find A Photo, Get A Waffle:  About a week ago, the Google Photos team shared this mystical and m... http://t.co/c4K8Da8Rup #Google $GOOG
i heart options
30 Jul 15 17:21:58
$FB $C $GOOG $AAPL Chartist - Update from Option Millionaires - Stock Options Chatroom $ISRG - prepare to have an ... http://t.co/hKwTUGWEPc
Options Answers
30 Jul 15 17:20:10
$GOOG $GOOGLE $AAPL Chartist - Update from Option Millionaires - Stock Options Chatroom $ISRG - prepare to have an... http://t.co/FdpAqSz6iH
LJ Keane
30 Jul 15 17:18:51
$GOOG $GOOGL $AAPL Chartist - Update from Option Millionaires - Stock Options Chatroom $ISRG - prepare to have an ... http://t.co/mbb8F0p0CH
Forex  News Insider.
30 Jul 15 17:17:55
RT Reports: New Google Glass model provided to enterprises http://t.co/zNPicKfeyE $GOOG $GOOGL $HIMX
The Stock Professor
30 Jul 15 17:17:33
New Research Makes 6 Important Points about Apple Users: [at noodls] - 09 July 2015 F-Sec... http://t.co/mzg7XGSYMh $AAPL $GOOG $PCLN $K
$Stocknewsalerts
30 Jul 15 17:16:13
$GOOG New SEC Document(s) for Google Inc. From our Stock News Alerts App
Insider Filings
30 Jul 15 17:11:05
$GOOG: Brin Sergey sold a net $21,427,747 in GOOGLE INC.. http://t.co/bobeS6UIZg
InsiderTradingWire
30 Jul 15 17:10:09
Sergey Brin Co-Founder Sells $21,427,747 Worth of $GOOG Google Inc. - #Form4 #InsiderTrading - http://t.co/v5GImbqYJw
Clayton R.
30 Jul 15 17:07:28
$GOOG http://t.co/zzGEvirsQD What Payment Experts Aren't Buying About Square's IPO Story http://t.co/bsDcZYQwSC
campus_entre
30 Jul 15 17:03:29
Do firms founded by student entrepreneurs go for more moonshot type of projects? $fb $goog https://t.co/FAzkdI4Y4X
Apple News Outlet
30 Jul 15 16:56:36
RT @Stockology101: 6 trades on mixed technology earnings: http://t.co/H0wd5nUajJ $AAPL $GOOG $PCLN $K
SmallCaps
30 Jul 15 16:52:06
http://t.co/VgamejroJw <- Want to make $600,00 In One Year Trading? Check out how this guy did it! $GOOG $PCLN $VTAE
Seeking Alpha Alerts
30 Jul 15 16:41:19
@CryptoCryptics $GOOG Reports: New Google Glass model provided to enterprises http://t.co/0B4cyYyuMr
Seeking Alpha Alerts
30 Jul 15 16:41:18
@bigpilot3 $GOOG Reports: New Google Glass model provided to enterprises http://t.co/0B4cyYyuMr
Seeking Alpha Alerts
30 Jul 15 16:41:18
@JabaPeltokangas $GOOG Reports: New Google Glass model provided to enterprises http://t.co/0B4cyYyuMr
Seeking Alpha Alerts
30 Jul 15 16:41:18
@MickeyLehman $GOOG Reports: New Google Glass model provided to enterprises http://t.co/0B4cyYyuMr
Seeking Alpha Alerts
30 Jul 15 16:41:17
@brianwilbs $GOOG Reports: New Google Glass model provided to enterprises http://t.co/0B4cyYyuMr
Seeking Alpha Alerts
30 Jul 15 16:41:17
@65_SensuBeans $GOOG Reports: New Google Glass model provided to enterprises http://t.co/0B4cyYyuMr
Seeking Alpha Alerts
30 Jul 15 16:41:17
@ProtenusGroup $GOOG Reports: New Google Glass model provided to enterprises http://t.co/0B4cyYyuMr
Seeking Alpha Alerts
30 Jul 15 16:41:16
@ShawnLin11 $GOOG Reports: New Google Glass model provided to enterprises http://t.co/0B4cyYyuMr
Seeking Alpha Alerts
30 Jul 15 16:41:16
@jasonshirlow $GOOG Reports: New Google Glass model provided to enterprises http://t.co/0B4cyYyuMr
Seeking Alpha Alerts
30 Jul 15 16:41:16
@jamoralesberti $GOOG Reports: New Google Glass model provided to enterprises http://t.co/0B4cyYyuMr
Seeking Alpha Alerts
30 Jul 15 16:41:16
@zylai_ $GOOG Reports: New Google Glass model provided to enterprises http://t.co/0B4cyYyuMr
Seeking Alpha Alerts
30 Jul 15 16:41:15
@nybigtymer $GOOG Reports: New Google Glass model provided to enterprises http://t.co/0B4cyYyuMr
Quantpost Technology
30 Jul 15 16:40:23
$GOOG $GOOGL News: "Reports: New Google Glass model provided to enterprises…" http://t.co/SNcfNjzLyr Analyze: https://t.co/MbSK40h5Av
Tech Stocks
30 Jul 15 16:40:22
Reports: New Google Glass model provided to enterprises http://t.co/1kL8r6XNNH $GOOG $GOOGL $HIMX
				
				
By  +Follow July 2, 2014 9:35AM
Share:

Comments

 

blog comments powered by Disqus

 Today's Must Reads

5 Small-Cap Energy with Hedges to Survive Oil's Bear Market


DraftKings and FanDuel: The New Face of Legalized Online Sports Betting

Is the Market Paying the Toll of Tech?

What Will Uber Look Like in the Future?


How Dodd-Frank Divides Political Parties Prior to 2016 Election

 

Apple (AAPL) is expected to announce its latest quarterly earnings next week. As the most valuable company by mark... in Equities.com's Hangs on LockerDome

About us

Equities.com is an advanced financial data portal and social network designed to connect self-directed investors with the world’s most innovative startup and small cap companies. Through our in-depth coverage of small cap markets, comprehensive research and stock valuation reports, state of the art issuer products, and world class events, Equities.com provides the social tools and insight that drive tomorrow’s investment relationships and opportunities.

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

Login or Register

LOG IN