Downtown L.A. streetcar system up for crucial vote (LA Times)

December 1, 2012 – Voting will conclude Monday in a special election on a streetcar proposal for downtown Los Angeles. The proposal before downtown residents calls for an assessment district to be created to help finance the $125-million project. If it receives the two-thirds majority required to pass, planning would move forward, with scheduled completion in 2015. Supporters of the streetcar say it would bring a fresh wave of economic development to downtown. “This is really going to be the cherry on top for all the revitalization and transformation we’re seeing,” said City Councilman Jose Huizar, a key supporter of the streetcar. He cited estimates saying the streetcar would bring $1 billion in development to downtown, including 2,600 new housing units and 675,000 square feet of new office space.

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