The final key barrier to the Highway 138 beginning construction, the Environmental Impact Report/Environmental Impact Statement (EIR/EIS), has been approved and released for public review.
The more than $2 billion dollar Northwest 138 Corridor improvement, a 36-mile highway, has been in the planning stages for over a decade. Enhancing this vital roadway, primarily by widening it and adding more lanes, is expected to improve mobility into and out of the Antelope Valley while accommodating foreseeable increases in population and goods movement. Highway 138 will provide the infrastructure necessary to support current and future population and economic growth.
“What’s good about this project is to make sure it can accommodate what needs to happen 20 to 30 years from now but make improvements today that will allow that to be done in a systematic coordinated manner.” – Tony V. Harris, Professional Engineer, Managing Partner at Point C, LLC
“What’s good about this project is to make sure it can accommodate what needs to happen 20 to 30 years from now but make improvements today that will allow that to be done in a systematic coordinated manner.” – Tony V. Harris, Professional Engineer, Managing Partner at Point C, LLC
“As traffic grows on this highway, and it is growing, this highway was built for a certain traffic load and obviously it’s gone passed that. It has to be done. That’s just all there is to it.” –Jan Hellsund, Local Market Owner
Measure M, the Los Angeles County Traffic Improvement Plan, is a half percent LA County sales tax increase that went into effect July 1st. Measure M also indefinitely extended the Measure R sales tax increase that was approved in 2008. Measure M will likely pay for the 138 improvements just as Measure R paid for the 138 EIR/EIS process. Finally, the critical question, 'how will this multi-billion dollar project be funded?', has an answer...Measure M.
Per a study released by UCLA Anderson School Forecast regarding the taxable sales for Los Angeles County, Metro assumes a county sales tax revenue growth of 3.8% per year through 2040 and 3% thereafter. Measure M is expected to generate over $100 billion over the next 40 years.
Measure M, the Los Angeles County Traffic Improvement Plan, is a half percent LA County sales tax increase that went into effect July 1st. Measure M also indefinitely extended the Measure R sales tax increase that was approved in 2008. Measure M will likely pay for the 138 improvements just as Measure R paid for the 138 EIR/EIS process. Finally, the critical question, 'how will this multi-billion dollar project be funded?', has an answer...Measure M.
Per a study released by UCLA Anderson School Forecast regarding the taxable sales for Los Angeles County, Metro assumes a county sales tax revenue growth of 3.8% per year through 2040 and 3% thereafter. Measure M is expected to generate over $100 billion over the next 40 years.
With project approval AND funding in place, smart investors know they must act quickly to seize this opportunity.
It’s common sense to buy commercial development-ready land near a freeway before it is developed and the prices soar. It’s just not common knowledge on how to do it properly. Do not wait until it’s too late, attend our next meeting or give me a call at (844) RTA-LAND (782-5263) and I’ll tell you exactly how to best position yourself.
It’s common sense to buy commercial development-ready land near a freeway before it is developed and the prices soar. It’s just not common knowledge on how to do it properly. Do not wait until it’s too late, attend our next meeting or give me a call at (844) RTA-LAND (782-5263) and I’ll tell you exactly how to best position yourself.
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