L.A. plans $8.8B bond sale to fund transit infrastructure

03/25/2010 | Bloomberg Businessweek

Los Angeles plans to sell $8.8 billion in bonds to finance subway and light-rail construction. The city is looking for the federal backing it needs to borrow the money, which would go toward building 30 years' worth of transit projects in just a decade. L.A. continuously ranks as the U.S. city with the worst traffic.

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