Broadway Streetcar in Downtown Los Angeles – Nice Attraction or $600 Million Nightmare?

One thing that everyone agrees on is that the pricey, planned and approved downtown streetcar will not significantly improve the transportation infrastructure of Los Angeles with its 4-mile run. #dtla #streetcar #broadway

Downtown LosDowntown Los Angeles Streetcars Coming Soon Angeles Streetcar
Downtown Los Angeles Streetcars Coming Soon

In fact, the Los Angeles Times has declared that the streetcar is simply not wanted.  Let’s take a look to see if the expensive idea has sufficient merit and value that justifies its staggering price tag.

Cutting greenhouse emissions – Here is one thing that public transportation is beneficial for.  The problems is that it’s a drop in the bucket compared to the pollution that is beyond our control. It’s not going to take the 5 million cars and trucks off of the nearby streets and freeways.

Downtown real estate benefits – DTLA businesses largely favor the streetcar because Downtown commercial interests stand to benefit the most while the whole of Los Angeles and California help pay for it.

Make Broadway Great Again

The planned route is pretty good: Broadway, Eastern Columbia Lofts, new Apple Store at the Tower Theater, L.A. LIVE, Luma, Disney Music Center, Grand Park, SB Grand Lofts and Grand Central Market. But, so far, everyone has failed to mention the inevitable urine, feces, public masturbation and other mobile-ghetto encounters that are destined to plague the streetcar as they currently affect the Metro system. What’s the plan to prevent unruly urban unpleasantness from taking over while gliding through streets adjacent to Skid Row?

Vintage color photos of Los Angeles: Hollywood, Wilshire and Downtown:

The streetcar is an important piece of the Bringing Back Broadway plan to restore the liveliness, historic cultural integrity and value of the Broadway entertainment district. Check out the city’s detailed Broadway design plan:

Broadway Theater and Entertainment District Design Guide (pdf)

Voters approved $200 million for the streetcar project, but the L.A. Times argues that the streetcar will end up costing three times that much for a traffic-bound, four-mile loop around town that is a novelty, not a necessity.  The L.A. Loft Blog agrees with the Times because the 3-car train will not have its own lane.  The behemoth will hog what little is left of the overcrowded streets, impeding traffic flow, getting stuck in traffic and blocking entire intersections for multiple light cycles, causing mind-blowing frustration and danger for drivers and pedestrians.

What do you think about the coming street car?  Make a comment.

All Downtown loft, condo and apartment buildings have issues that prospective residents want to know about before seeing the buildings in person. Get a free list of buildings with litigation and lawsuit information.  Fill out the online form:

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Broadway street car plan by Chapman Building and new Apple Store at the Tower Theater
Broadway street car planned and approved for Downtown LA.

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.  |  COMMENT

 

Why Buyers are Starting to Like SB Grand Lofts For Sale in the Historic Core of Downtown L.A.

As a preview to Downtown’s busy real estate season that begins in earnest on January 2, some 2018 New Year’s homebuyers are coming out early and giving a positive premonition of what is to come.  #newlofts #downtownla #dtla

Downtown Los Angeles live work loft in the Historic Core
Downtown Los Angeles live work loft in the Historic Core

As an example, during the slow period from October 31 to December 26, prospective loft buyers were only interested in the prettiest of places. But, this week, several buyers began giving positive feedback of more challenged lofts such as SB Grand Unit #307 at 312 W 5th St.

Open live/work loft with private balcony
Open live/work loft space with private balcony

The larger, affordable unit receives less natural light than most condos, so it is darker on the inside.  The unit has extra open space, high ceilings, upgraded wood flooring and a private balcony. This presents a superior fixer investment opportunity that quickly bumps up in value simply by upgrading the lighting and brightening up the decor interior design. The unit is expected to go from no acceptable offers in several months, to suddenly receiving multiple offers above asking price within a few weeks as the busy home buying season gets started early after the new year in Downtown Los Angeles and extra frenzied home buyers start to come out of the woodwork after holiday distractions are over. Those who want a completely move-in ready loft may prefer a recently upgraded loft or a new loft.

Get a free list of new lofts being created in Downtown Los Angeles. Fill out the online form:

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SB Grand Lofts Pershing Square Historic Core
SB Grand Lofts Pershing Square Historic Core

Even a small, dark, boring basement can be turned into a bright, cheerful perfect living space.  Take a look at this video that shows a transformation remodel before and after:

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.