TOD Boom in L.A.

11 July 2010 - 5:00am

Light rail is expanding to Los Angeles' Westside, and with it is coming a wave of transit-oriented developments.

As transit funding kicks up in the region, the reality of expanding transportation lines has developers in full-motion to build around them.

"In addition to removing tens of thousands of cars from the road — 64,000 daily riders by 2030, according to transit authorities — the 15.6-mile Expo Line is expected to spawn a variety of mixed-use real estate projects, as some of the city’s previous rail lines have done. A project including more than 500 units of housing and a 300-room W hotel was recently completed at Hollywood Boulevard and Vine Street, and a rental and retail complex was built at Wilshire Boulevard and Vermont Avenue in 2007."

Source: The New York Times, July 8, 2010
Bookmark and Share
Cars, I've come to believe, operate in two economies -- the cash economy, where you pay for them in dollars, and the gift economy, where you pay for them in favors -- basically, rides exchanged.