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.

On November 3rd, 2010, the Los Angeles County METRO released the environmental study RFP for the Downtown L.A. Streetcar project. If you have any interest in reviewing the RFP, it can be accessed via METRO’s website by clicking here.

Thank you to all our sponsors, supports, and stakeholders that came out last night to support the Downtown L.A. Streetcar Project! It was a great event with strong commitments coming from all those who attended. We look forward to hosting more events in the future (we’re going to have a meet-and-greet soon!) and are working hard to bring a streetcar back to Downtown Los Angeles!

A full press release is available here.

See What Happens When Downtown Connects!

At the fundraising event we unveiled a new video — with 3D streetcar renderings! — to convey the importance, potential, and possibilities that the streetcar brings to Downtown L.A. Take a look and let us know what you think!