$3 Billion Proposal to Repair L.A. Roads Advances

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

LOS ANGELES (KTLA) — A $3 billion proposal that would repair potholes on the streets of Los Angeles was one step closer to becoming a reality on Thursday.


(File photo)

Local lawmakers have agreed to analyze possible funding sources for the proposal, which would fix the nearly 9,000 miles of city streets.

Resurfacing and rebuilding the city’s broken streets is part of a 60-year backlog of repairs.

Just patching potholes and bumpy roads was expected to cost about $25,000 per mile.

If the damage was bad enough that the street had to be rebuilt, the price tag could be ten times that figure.

The money could come from a mix of sources.

The possibilities included a new property tax or borrowing against future sales of gas tax revenues.

If property taxes were to go up, it would about a 1 percent increase on the value of the home, officials said.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

1 Comment