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Streetcar to Announce Economic Study Results

By Eric Richardson
Published: Monday, February 07, 2011, at 05:49PM
LA Streetcar Rendering LA Streetcar Inc

Rendering of the proposed L.A. Streetcar project on Figueroa next to Staples Center

Construction of the proposed L.A. Streetcar will generate 9,300 new jobs and $1.1 billion in new development according to study that the project will release at a Tuesday morning press conference.

AEG CEO Tim Leiweke gets top speaker billing in a press announcement sent out this afternoon. He will be joined by Councilmembers Jose Huizar and Jan Perry, Dennis Allen of L.A. Streetcar, Inc., Chris Essel of the CRA, Gary Toebben of the Greater L.A. Chamber of Commerce, and Carol Schatz of the Central City Association.

Also projected are $24.5 million in new annual tourism and consumer spending and $47 million in new city revenue.

The press conference will take place at 9am at the Museum of Contemporary Art's sculpture plaza.


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