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LAX People Mover to be privately built, financed and operated
A screenshot from an LAX presentation about its new People Mover.
(
Los Angeles World Airports
)
A screenshot from an LAX presentation about its new People Mover.
(
Los Angeles World Airports
)
A screenshot from an LAX presentation about its new People Mover.
(
Los Angeles World Airports
)
Listen
0:53
LAX People Mover to be privately built, financed and operated
Los Angeles International Airport managers announced Thursday they want to let private firms design, build, finance and run the new 2.5-mile People Mover.
LAX will also use outside firms to build and operate a new centralized rental car center under a plan proposed by airport staff. It's all part of a $5 billion project to make it easier to fly in and out of LAX.
Agencies like LAX could build and run their own assets, but a growing trend among government agencies is to get private industry to share in the financial risk of construction and let them reap the potential profits. The shiny new Deukmejian Courthouse in downtown Long Beach is one local example.
Fans of this kind of public private partnership say projects get done faster, at less cost. Critics warn that private partners in these deals need careful oversight of how they spend public dollars.
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But the game has changed: Congress voted to eliminate funding for public media across the country. Here at LAist that means a loss of $1.7 million in our budget every year. We want to assure you that despite growing threats to free press and free speech, LAist will remain a voice you know and trust. Speaking frankly, the amount of reader support we receive will help determine how strong of a newsroom we are going forward to cover the important news in our community.
We’re asking you to stand up for independent reporting that will not be silenced. With more individuals like you supporting this public service, we can continue to provide essential coverage for Southern Californians that you can’t find anywhere else. Become a monthly member today to help sustain this mission.
Thank you for your generous support and belief in the value of independent news.
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