L.A. Metro Faces Billion-Dollar Funding Gaps as Prices Rise on Major Rail Projects

Local News
The Gold Line is seen in an undated photo. (Credit: Allen J. Schaben / Los Angeles Times)

The Gold Line is seen in an undated photo. (Credit: Allen J. Schaben / Los Angeles Times)

The bids that arrived last year to extend the Gold Line east of Azusa were hundreds of millions of dollars higher than officials had expected.

The price tag ballooned 38% to $2.1 billion. To stay within budget, the Foothill Gold Line Construction Authority was forced to truncate the line, postponing the construction of two stations and three miles of track.

“We were totally shocked,” Chief Executive Habib Balian said. “It was way, way off from what our estimates were.”

The unexpected cost increase is not unique to the Gold Line: It is one of at least three planned rail projects in Southern California facing a significant funding gap, underscoring the challenges of the region’s ambitious plan to build nearly two dozen major projects over the next four decades.

Read the full story on LATimes.com.

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