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we're winning grants and sharpening funding strategies
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On December 10, 2009, the Downtown L.A. Streetcar effort was approved for a $250,000 federal appropriation, requested by Los Angeles City Councilmember José Huizar and championed through Congress by Congresswoman Lucille Roybal-Allard. This allocation, in addition to a previous appropriation and other secured funding sources from CRA/LA, will cover a large portion of our environmental review costs. METRO will be managing the environmental process for the streetcar which will be submitted for review to the City's Bureau of Engineering. We are on-track to substantially complete the review in 2010. |
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Securing federal funds has been a top priority for LASI. On behalf of the public-private partnership advancing the streetcar project, the City of Los Angeles submitted to the Federal Transportation Administration a $25 million Urban Circulator grant application for streetcar funding to enhance the livability and sustainability of Downtown L.A. This grant application was a joint effort between LASI, CRA/LA, Councilmember José Huizar/Bringing Back Broadway, and the City of L.A. Department of Transportation. The federal government made a significant pool of resources available for streetcar projects through a competitive application process, and this funding source does not compete with other transit projects in L.A. Grant awards will be announced in Summer 2010. |
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LASI is also fortunate to be a Google Grant Recipient, which will greatly enhance our marketing and fundraising efforts via free web advertising.
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In addition, CRA/LA contracted with LASI to secure the services of a financial consultant and marketing/outreach consultant to further our development efforts. Both consultants are working hard to expedite the development of the streetcar, and much of their work will be displayed on our web site and open houses in the coming months.
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