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.


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

Results for goog
Stock Wire
21 Nov 14 18:10:13
Apple Inc. and Google Inc Under Scrutiny For Being Too Secure $GOOG http://t.co/EVdT0W3bGw
Nga Fortenberry
21 Nov 14 18:08:20
Looking for research on $PCP $BMR $APC $GOOG #wallstreet http://t.co/P0AuRiFUL3
Sol Tillery
21 Nov 14 18:08:10
Todays Stocks you should be watching $AMZN $ACN $YUM $GOOG #singedinvestor http://t.co/noRkrcLZjA
Briefing.com
21 Nov 14 18:03:06
#Technical #Scans $GOOG $AAPL $BA $BBRY $NFLX $HOT http://t.co/fQ3UdkApKi #Setups #pullback #trading #Doji #Overbought #Oversold #zippers
Stockaholics
21 Nov 14 18:01:55
578% Gains On Penny Stocks in one month! Plus a New Pick Is Coming: http://t.co/2W3yKD2d5Q $DPM $FRAK $GOOG
Stockaholics
21 Nov 14 17:52:02
578% Gains On Penny Stocks in one month! Plus a New Pick Is Coming: http://t.co/2W3yKD2d5Q $GPS $NSPR $GOOG
Nixon Domville
21 Nov 14 17:46:20
This weeks Stocks you should Watch $COP $HXL $JAH $GOOG Give it a try http://t.co/VQylEq1yWJ
Rhona Keeling
21 Nov 14 17:45:56
Find the next hot #pennystock $VNTV $MCD $CPA $GOOG Give it a try http://t.co/yKEyQ1SU4l
Carlyn Mccloskey
21 Nov 14 17:40:17
Get Free research on $AMG $CNCA $MAR $GOOG Goto http://t.co/Il5OVZVpcM
5Things2Know
21 Nov 14 17:33:24
RT @jkatcher74: Smaller phones over large? Iphone6 outsells 4:1 the plus. http://t.co/c2WxVtPthY $aapl $goog #nexus
David Borough
21 Nov 14 17:33:17
$SBUX mobile payments crushes it & if begins to license for other companies look out $AAPL $eBAY $GOOG $V $MA $AXP http://t.co/3tvc9ihsjI
Lu Askew
21 Nov 14 17:32:44
#Stocks you migh want to Sell $ORI $DHI $DRC $GOOG Must see http://t.co/L1dBPTlICx
Forrest Cowles
21 Nov 14 17:31:04
Are you Bullish on these #stocks $A $DPZ $PRU $GOOG #financialnews http://t.co/OjAFgqxm05
Cara Whedbee
21 Nov 14 17:27:37
RT @MarketWatch: European elected officials are preparing to call for a breakup of Google, says report. http://t.co/3EbHrDQbdN $GOOG
Darin Nickerson
21 Nov 14 17:14:47
Did you lose money on $JKHY $PFE $AN $GOOG Visit http://t.co/8VoGZLeQms
Rita Simpkins
21 Nov 14 17:13:42
Todays Stocks you should be watching $GOOG $OHI $HUN $RAX Must see http://t.co/RaTvnr18an
Necole Diaz
21 Nov 14 17:13:36
#Stock Watchlist you should be looking at $WR $WRI $RBC $GOOG Worth a look http://t.co/fEaNN9w79v
Suzi Harter
21 Nov 14 17:07:46
Is it breakout time on $FDX $ACGL $FBHS $GOOG #overvalued http://t.co/FdJAgPRwnl
Lu Askew
21 Nov 14 17:07:31
Find the next hot #pennystock $GPC $TDS $STWD $GOOG #NASDAQ http://t.co/A9MVkk7OAV
Ashleigh Neuman
21 Nov 14 17:07:27
Latest Earnings info on $NCLH $VRTX $NOV $GOOG View now http://t.co/InfayxL8vs
Sol Tillery
21 Nov 14 17:05:32
Should you hold or add to $WTW $GT $AMGN $GOOG #wallstreet http://t.co/LmA8c4eqiE
TS Binary Options
21 Nov 14 17:05:06
ALERT: New Social signal created on $GOOG - Low at 537.05 - Time: 01:05 - Strength: 4. Powered by http://t.co/dJICEo9P6s
Dvolatility
21 Nov 14 17:05:03
Google Contributor: Ad-Free Web For A Fee http://t.co/QtDeBzw7NJ interesting concept $GOOG. I like premium ads.
Wilburn Miller
21 Nov 14 17:03:51
Looking for the next winners like $BEN $MOS $LNG $GOOG #singedinvestor http://t.co/U1ssMS3M9r
Charles Sizemore
21 Nov 14 16:56:54
Dividend Smackdown: Microsoft Vs. ExxonMobil $MSFT $XOM $XLE $AAPL $GOOG http://t.co/ZsvK5t1jFx
TalkMarkets
21 Nov 14 16:56:53
Dividend Smackdown: Microsoft Vs. ExxonMobil $MSFT $XOM $XLE $AAPL $GOOG http://t.co/dHp33YtsmB
Solo traders
21 Nov 14 16:56:15
$GOOG - European Critics Envision Google's 'Unbundling' http://t.co/6iYpEDH03m
Stocks News&Markets
21 Nov 14 16:56:14
$GOOG - European Critics Envision Google's 'Unbundling' http://t.co/p4I6RQEZdG
john smith
21 Nov 14 16:56:10
$GOOG - European Critics Envision Google's 'Unbundling' http://t.co/Cp0oLzWqX3
Live Stock News
21 Nov 14 16:56:07
$GOOG - European Critics Envision Google's 'Unbundling' http://t.co/tepJ6APfxq
NASDAQ
21 Nov 14 16:56:02
$GOOG - European Critics Envision Google's 'Unbundling' http://t.co/QOV11N7Qo0
InvestingChannel
21 Nov 14 16:55:10
How Google Inc $GOOG Got Ahead Of #NetNeutrality http://t.co/1ZbdUsZc1s
InterCooler
21 Nov 14 16:50:12
Stock Traders Purchase High Volume of Google Put Options $GOOG http://t.co/6rcn9VfyQi
Tressie Clayworth
21 Nov 14 16:49:21
Bad #Invesments like got you down $CRS $MAC $HII $GOOG #equity http://t.co/vZuvsfHQLe
Todd Toomer
21 Nov 14 16:48:52
RT @MarketWatch: European elected officials are preparing to call for a breakup of Google, says report. http://t.co/3EbHrDQbdN $GOOG
.
21 Nov 14 16:48:20
The European Parliament is considering a call to break up Google $GOOG http://t.co/RVcwXFDQdZ
WillSeattle
21 Nov 14 16:47:28
RT @MarketWatch: European elected officials are preparing to call for a breakup of Google, says report. http://t.co/3EbHrDQbdN $GOOG
Theresa Price
21 Nov 14 16:38:00
RT @BI_Europe: THE EU WANTS TO BREAK UP GOOGLE $GOOG http://t.co/Kk1vEBxEYZ
Laquanda Farrow
21 Nov 14 16:36:39
#Stock Watchlist you should be looking at $PWR $AVX $LNC $GOOG #financial http://t.co/SgjJy5EhU8
Dannette Sizemore
21 Nov 14 16:34:04
Shoud you sell or hold stocks like $BHI $SNA $ESV $GOOG Visit http://t.co/KiOq5dRfPo
$Stocknewsalerts
21 Nov 14 16:31:27
$GOOG New SEC Document(s) for Google Inc. From our Stock News Alerts App
Bidness Etc
21 Nov 14 16:30:23
Rockstar is nearing settlement with Google Inc after a year-long legal battle http://t.co/LXBejd486h $GOOG
TomBemis
21 Nov 14 16:27:03
Google breakup call under consideration by European Parliament: report http://t.co/FHqQHVbq57 $GOOG $GOOGL
Donnell Isom
21 Nov 14 16:24:54
This weeks Stocks you should Watch $CLI $VNTV $GOOG $QLYS #wealthmanagement http://t.co/stcAOCuop8
Wilburn Miller
21 Nov 14 16:24:54
Small-cap stocks breaking 52-wk high prices $TMHC $NVR $XRX $GOOG #NASDAQ http://t.co/rqu3KTWVLJ
[ Europe News ]
21 Nov 14 16:24:03
RT @goinsidegoogle: Sources say the European Parliament is preparing to call for the division of @google. https://t.co/S1zYUOBz1B $goog htt…
BI Europe
21 Nov 14 16:22:02
THE EU WANTS TO BREAK UP GOOGLE $GOOG http://t.co/Kk1vEBxEYZ
Andy Richman
21 Nov 14 16:18:00
Google break-up plan emerges from Brussels - http://t.co/9mgAU7Wf0o http://t.co/LmrH3OPIce $GOOG
ronfeir
21 Nov 14 16:15:13
RT @MarketWatch: European elected officials are preparing to call for a breakup of Google, says report. http://t.co/3EbHrDQbdN $GOOG
Walton Dunham
21 Nov 14 16:13:36
Are you considering selling $ALR $SEIC $SCCO $GOOG #singedinvestor http://t.co/on4YJWy27b
				
				
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.