In 2008, Los Angeles County residents took a leap of faith and voted to raise our county-wide sales taxes to fund the construction and maintenance of our transportation infrastructure. Seven years later, Metro conducted a quality of life report to study the impact of that decision on the region. The results are impressive. New rail and bus rapid transit now provides access to more than 300,000 jobs in the region. Nearly 500,000 residents now live within a half mile of projects that opened after passage of Measure R. What’s impressive is that this data was tallied prior to the 2016 openings of the Gold Line extension and Expo Phase II.
For these two reasons, along with the tremendous congestion we all experience every day, the L.A. Area Chamber Board of Directors has voted to formally support Metro's Traffic Improvement Plan (tentatively Measure M). This ballot measure will add another ½ cent sales tax to our infrastructure investment and generate an additional $860 million a year for transportation projects in every city and unincorporated region of L.A. County. Major projects include an LAX Airport Connection, Gold Line Foothill Extension to Claremont, Westside Purple Line Extension to Westwood, Orange Line conversion to light rail, a transit route through the Sepulveda Pass and more than a dozen highway improvement projects throughout the County.
The plan earmarks more than $4 billion in funding for our vital goods movement corridors and will return 17-20 percent annually to cities for investments in local roads and neighborhoods. It also increases oversight and implements a comprehensive review process every decade to make sure our dollars are going to the projects that make the most sense for the region.
As the largest business organization in L.A. County, the L.A. Area Chamber is dedicated to improving mobility and job opportunities for our residents. A modern transportation infrastructure is the foundation for both.
The November general election ballot will be packed with numerous state and local measures, but none will impact your day to day life in L.A. County more than this Traffic Improvement Plan. I urge you to vote yes on this transformative measure on Nov. 8.
And that's The Business Perspective.
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