LOS ANGELES (AP) — Supporters of a plan to build a streetcar line in downtown Los Angeles are cheering new estimates that show the project may cost millions less than previously thought.
The Los Angeles Times reports the consulting firm URS Corp. said Tuesday that the proposed four-mile route could be built for about $270 million.
Last fall, it was announced the initial cost for the transit loop would be $327 million.
The office of Councilman Jose Huizar, a supporter of the project, said expenses could fall further when engineers begin their work.
The newspaper says despite the lower price tag, the project could still face a potential funding gap of about $100 million, even if federal money comes through.
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