Keeping Up with Community Trends

Photo credit: USC Alumni Real Estate Network

Photo credit: USC Alumni Real Estate Network

One community trend is the transit renaissance in Los Angeles. Dima and I attended an event at which Philip Washington, the new CEO of Los Angeles County Metropolitan Transportation Authority, spoke about five mega-trends affecting the future of transportation in Los Angeles:

1.     Funding is crucial, but sustainable funding is a struggle. Funding comes from federal, local, and private institutions.

2.     Safety and security are priorities. Our infrastructure needs to be reliable for the next 100 years.

3.     Workforce and lifestyle changes affect travel behavior.

4.     Demographic shifts, such as gentrification, should be addressed as transit-oriented development breaks ground.

5.     By accelerating technological advances, we can better serve the public. Uber and Metro are partnering to provide access to the new Expo line.

Photo credit: USC Alumni Real Estate Network

Photo credit: USC Alumni Real Estate Network

Washington’s points set the stage for a potential ballot measure, expected to go to LA County voters in the November ballot. It would raise $120 billion over a 40-year period to fund transportation infrastructure maintenance and construction. The measure would augment Measure R—the current half-cent sales tax—by an additional half-cent. It would also extend the sales tax by another 18 years. More details regarding the plan can be found here.

RSG keeps up with trends affecting communities. To learn more about how RSG’s knowledge can benefit your project, call us today.

Written by Jeff Khau, a Senior Analyst at RSG

Photo credit: USC Alumni Real Estate Network

Photo credit: USC Alumni Real Estate Network