Bill Expected to Aid in Funding and Construction of Metro Projects
The City of West Hollywood has commended California Governor Gavin Newsom for signing Assembly Bill 761, which extends the life of Enhanced Infrastructure Financing Districts (EIFDs) from 45 to 75 years. The bill, authored by Assemblymember Laura Friedman (D-44), aims to align financing terms with federal Transportation Infrastructure Finance and Innovation Act (TIFIA) loans, a key funding source for local infrastructure projects, including the Metro K Line Northern Extension.
The legislation is expected to accelerate the construction of the K Line extension, bringing Metro rail service to West Hollywood sooner than the originally projected 2041 date. This move is part of a broader effort to create sustainable transit solutions across the region.
“AB 761 is a major step forward in securing funding for the Metro K Line extension, which will benefit West Hollywood, Mid-City, and Hollywood,” said West Hollywood Mayor John M. Erickson. “Our community strongly supports bringing Metro rail to WeHo, and we are grateful to Assemblymember Friedman, Supervisor Lindsey P. Horvath, and Governor Newsom for helping to make this vision a reality.”