SOUTH BAY : L.A., Long Beach Agree on Alameda Corridor Project
Four months after encountering a financial roadblock, the proposed $1.8-billion Alameda Corridor transportation project linking the Civic Center with the ports of Los Angeles and Long Beach appears back on track.
At a news conference set for this morning, officials of both cities and Southern Pacific Transportation Co. are expected to announce a tentative agreement that calls for the railroad to sell for $240 million the 20 miles of track needed for the rail and truck corridor.
The amount is $20 million less than the asking price that led Los Angeles officials to balk at the long-discussed deal in August.
Those familiar with the negotiations said the issue of environmental cleanup also has been resolved.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
