LA METRO CAPITAL PROGRAM FINANCING

Since 2010, Mercator has advised the City of Los Angeles and LA Metro on alternative strategies for obtaining federal assistance to help finance LA Metro’s 30/10 surface transportation capital program. The 30/10 program is designed to accelerate an $18 billion program of surface transportation improvements by 20 years. Mercator has assessed various federal grant, credit, tax and regulatory incentives and worked closely with LA Metro in designing and presenting to the USDOT and congressional committee staff the America Fast Forward (AFF) policy proposal. Central to the AFF initiative is a suite of federal financing tools, including enhancements to the TIFIA program and a new tax credit bond program to facilitate major projects.

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