Mayor Villaraigosa plans to borrow against future Measure R money to fund one massive, two-year road improvement project before he leaves office.
"The city is expected to receive a total of more than $2 billion over three decades, money that can be used to repair streets, repave alleys and fix sidewalks, among other transportation improvements. The mayor is proposing to finance the fast-tracked street repairs with borrowed money that would be repaid, with interest, from future years' revenues.
As they made the rounds in City Hall in recent days, the mayor's allies said the proposal could create 1,000 jobs and address one of the public's top priorities: paving roads and eliminating potholes."
FULL STORY: Villaraigosa wants to borrow future tax money to fix L.A. streets
Auto Companies Prepare for Decline of Car Ownership
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Proposed $120 Billion Sales Tax Measure Polling Well in L.A. County
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Opinion: Make Buses More Like Sidewalks
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Transportation Research Centers Lose Key Federal Funding
The federal University Transportation Center program funds critical transportation research and innovation at 35 consortia of colleges and universities.
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