Could China Fund L.A. Transit?

With the notion of a national infrastructure bank dead for now and Wall Street reluctant to invest in infrastructure projects, Joel Epstein argues that Chinese investment in L.A.'s 30/10 Transportation and Jobs Initiative is worth considering.

Having read a recent piece on China's investment in Argentinian transit and rail, Epstein thought, why not in Los Angeles?

Epstein writes, "After all, wasn't it also a good deal of (albeit private Hong Kong) Chinese money that built the skyline of modern Vancouver?"

"As the article notes, the urban projects offer no clear economic benefit to the Chinese. The quid pro quo of the overall deal is preferential trade treatment for China as well as improved access to the country's agricultural products.

Well why not offer China the same deal here in California?"

Thanks to Joel Epstein

Full Story: Working With China to Build Public Transportation in LA

Comments

Book cover of the Guide to Graduate Planning Programs 4th Edition

Thinking about Grad School?

New! 4th Edition of the Planetizen Guide to Graduate Urban Planning Programs just released.
Starting at $24.95

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $209
Book cover of Where Things Are from Near to Far

Where Things Are From Near to Far

This engaging children's book about planning illustrates that "every building has its place."
$19.95
Women's t-shirt with map of Los Angeles

City T-Shirts for the ladies!

Women's Supersoft CityFabric© Fashion Fit Tees. Now available in six different cities.
$24.00