Investment in Major Developments Grows

Investment in Southern California’s major development projects, from transportation infrastructure to mega-entertainment complexes, has climbed to $13.6 billion, underscoring strong confidence in the region’s economic future, according to a report to be released today.

The survey by the Los Angeles Economic Development Corp. says that developments such as the Alameda Corridor high-speed freight rail line, expansion at LAX and the region’s two major seaports will help increase Southern California’s already booming import/export trade.

Other projects such as the Hollywood-Highland retail-entertainment area, Disney Concert Hall and the Grove development at the Farmers Market should also help boost the area’s important tourism industry, the report said.