Voters in downtown Los Angeles have overwhelmingly approved a special property tax to help fund a $125 million streetcar. The results of the special vote-by-mail election were reported last night.
Needing a two-thirds majority to pass, the plan to tax property owners up to $85 million for a streetcar running from the L.A. Live sports and entertainment hub to the Civic Center along the city's historic Broadway core was approved by 73 percent of the 2,066 ballots cast, reports
"The average condominium owner would pay about $60 per year," notes Guzman, "with the majority of residential units taxed less than $100 annually. Commercial building owners would pay far higher amounts."
Supporters hope to complete the project by 2016.
FULL STORY: Voters Approve $85 Million Downtown Streetcar Tax

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