Flying Cars, Hyperloop and Infrastructure Among Los Angeles Mayor’s Ideas for Economic Growth

 

Los Angeles Mayor Eric Garcetti had several ballot measures approved in the last year that are expected to raise money for homeless housing and services, construction of community college, expand the park system and the construction of public transportation projects. But he’s also asking the city to look toward the future.

BY ELIZABETH CHOU, DAILY NEWS NOVEMBER 30, 2017

 

(TNS) — During an annual luncheon of the San Fernando Valley business community Wednesday, Los Angeles Mayor Eric Garcetti pointed to poverty, a housing shortage and traffic congestion as three of the greatest threats to Los Angeles’ economic future, while also setting an ambitious tone for increasing prosperity in the city.

Strides were made to maintain the area’s film and aerospace industry, through tax incentives and federal grants, but “we have challenges that, if we don’t deal with and solve, we will see this prosperity for our children disappear,” Garcetti told a room of business people at the United Chambers of Commerce’s “mayor’s luncheon.”

During a keynote address, Garcetti drew a link between job creation and several ballot measures approved in the last year that are expected to raise money for homeless housing and services, the construction of community college facilities, expand the park system and the construction of public transportation projects.

“We will, if we do this right, create jobs — jobs to build our housing, jobs in construction, jobs in transportation,” he said.

But the changes will not come overnight, and he will need help, particularly with the city’s struggle with homelessness and poverty, Garcetti said.

During his second term, he said he will be “focused like a laser” on homelessness, but he also appealed to his audience to take part in some solutions. The business community could help support the construction of homeless housing, for example.

 

Full Story

Leave a Reply

Your email address will not be published. Required fields are marked *