First phase of Gold Line extension begins on Saturday
Real estate developers, politicians and residents hope that the 11.3 mile extension, scheduled to be completed in four years, will bring new development to the San Gabriel Valley.
June 26, 2010
By Sam Allen
Los Angeles Times
http://articles.latimes.com/2010/jun...-line-20100626
L.A. County's ambitious light-rail network is about to push deeper into the San Gabriel Valley, and five cities along the route of the long-awaited Gold Line extension hope the trains will bring with them new development.
The Metropolitan Transportation Authority will break ground Saturday on a $690 million, 11.3 mile extension of the Gold Line from Pasadena through Arcadia, Monrovia, Duarte, Irwindale and Azusa. The line is scheduled to be completed in 2014.
Los Angeles Times
Real estate developers and politicians are hoping the line will pave the way for some new residential and commercial developments in the cities.
AdvertisementMuch of their enthusiasm centers around so-called "Transit-Oriented Developments" — the idea that local economies thrive when they offer public transportation, housing, and retail in the same space. Some of these developments would be denser than what the suburban cities are typically used to...