Metro To Shift $3.5 Million For Malibu Park and Ride Lot
Written by 991KBU on July 24, 2018
How will the city of Malibu pay for that big land purchase … three vacant lots at the Civic Center and Point Dume?
29 acres of prime commercial land will be purchased … for 43 million dollars.
Next Thursday … the Metro board of directors in Los Angeles will approve the last step in the financing package.
Metro is being asked to shuffle 3 and a half million dollars in regional transportation money … and to reallocate it for park and ride lots in Malibu.
This … despite virtually no demand for park and ride lots in Malibu.
And the fact that there is no park and ride lot for Malibu commuters to use the 2 billion dollar light rail train … the Expo Line … in Santa Monica.
Malibu is shrewdly using the park and ride money to build parking lots at what are expected … but not guaranteed … to be city parks to be built at the Civic Center and Point Dume.
The parking lot money is being used to swing financing for the land purchase … which was viewed as a once in a lifetime opportunity for the city.
The Metro reallocation may mean a delay for other transportation projects in Malibu.
Things like widening the parking areas along P C H … to make them safer.
The traffic light synchronization project along P C H in eastern Malibu appears to be unaffected.
But synchonizing the signals west of Pepperdine may get delayed … it appears.
