The Downtown L.A. Streetcar Project is pleased to announce the findings of an economic impact study conducted by AECOM. A full copy of the report report is available here.
Major Findings
After accounting for expected baseline growth, AECOM found that the Downtown L.A. Streetcar system will directly support $1.1 billion in new development, 9,300 new jobs, $24.5 million in new annual consumer spending, and $47 million in new city revenue. These values are all additive above and beyond expected growth rates.
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