Metro announced today that a loan from the TIFIA program was approved to help make funds available now for the Westside Subway Extension project. The funds will be paid back using the 2008 voter-approved Measure R funds. Previously, the funds would have come directly from Measure R which would have released the funds to the subway project (and other transportation projects) gradually over time.
The 640.8-million dollar loan is said to help the subway reach Westwood as early as 2022 (unofficially). The original plan had the subway reaching Westwood in 2036 so this news certainly adds excitement for us here in Westwood.
Metro’s The Source article: http://thesource.metro.net/2011/07/06/westside-subway-extension-receives-640-million-federal-loan/