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LA Transit Loan Faces Hard Slog In Congress
A proposed 300 million dollar federal loan to fund Los Angeles long planned rapid transit met stiff resistance in Congress. Lawmakers skeptical of funding, regional jealously and boosterism are delaying action as the MTA seeks a backbone Wilshire Boulevard route financed by low interest bonds or federal guarantees.
MENTIONED IN THIS ARTICLE
Bill Sumner
California
Washington” Bureau
Washington
Los
Los Angeles
Tbg
Angeles
Metropolit
Transit Authority
Long ‘Beach
MTA
Long Beach
Wilshire Boulevard
Ator
Senate
Houses
Banks of America
First Boston
Sen
Clair Engle
D-Calif. i
Treasury Department
Fed
Treasury
House
State of California
U. S
Southern California