.

Gold Line and Monrovia Reach Landmark $40.6 Million Deal

The city and Gold Line Construction Authority signed an agreement that will expedite the Gold Line Foothill Extension.

The Gold Line Construction Authority announced Thursday that it has signed a deal with Monrovia to acquire land needed for a maintenance yard project that will keep the the Gold Line Foothill Extension on track.

The agreement, which still needs approval from a judge overseeing , calls for Monrovia to sell 14 acres of land along Evergreen Avenue to the GLCA for $40.6 million.

"Needless to say, the terms agreed to today are an important achievement for the project," GLCA CEO Habib Balian wrote in an email. "We are appreciative of the City of Monrovia’s efforts to work with the Authority to come to terms that were mutually acceptable, and to keep the project on time and on budget."

After , the agreement with Monrovia allows the GLCA to acquire 100 percent of the land it needs to build a rail maintenance yard for the Foothill Extension--a facility the MTA required for the line to progress.

In addition to the $40.6 million purchase price for the land, the GLCA agreed to pay up to $15.75 million to build public improvements to city intersections, roads and other infrastructure near the future Gold Line maintenance yard. The city agreed to reimburse the GLCA $200,000 for its costs fighting Brokate in court and up to $650,000 for environmental cleanup needed at the maintenance yard site.

The total sum of Thursday's deal appears close to the before the state's elimination of redevelopment effectively nullified the arrangement.

Check back later for more on this breaking story.

Gayle M. Montgomery February 26, 2012 at 03:50 AM
Jerry, while i find it is interesting to know the history and lore of our area and the way that names of streets morphed through time, like Grand Avenue Downtown used to be Charity as I recall because they were consecutively Faith, Hope, and Charity, and I think Hope is the only one remaining, I am from the school of thought that you do not publicly use names that are considered hurtful to others. As the Mom and Grandma of racially mixed children, I do not appreciate it being flung here EXCEPT from the vantage post of history. I do understand your point. Until actually sitting down on the front porch with men from the Sons of Confederate Veterans, I thought the Stars and Bars to be incredibly offensive. I now understand it is a part of their history. We cannot wipe the history books clean, but we can learn from them. What we must remember is that some names are incredibly hurtful, and we should not use them out of respect for one another. Unless you figure that out, dear Jerry, you should not ride the Gold Line because its ridership is incredibly diverse.
Marvion February 26, 2012 at 02:57 PM
There will never be a major NFL in the Los Angeles area. Most likey the supporters of MTA projects have scared them away. Next stop, MBL, NBA, and $15 hamburgers. The 'Lost Dutchman' Gold Line offers no soultions.
Ralph Long February 27, 2012 at 09:25 PM
Jerry, I and many, many, many other people love LA. Sometimes I just go there to walk around. Always something interesting to see and do. It is a great colision of different cultures, people, ideas, architecture, lifestyles, interests. Best and worst of society. I love the energy of the city. Obviously, you don't agree. So, please be my guest to not go. You can stay here in Glendora, which is also a nice place.
R. Ray Morford February 27, 2012 at 11:02 PM
Any way you cut the money pie, the legal fees are being paid by Monrovians. It should have been divided among Cities along the Gold Line Extention. If you want the benefits pay your fair share Cities.
Jonathan Lesueur February 28, 2012 at 08:39 PM
R. Ray Morford it is the city fault that they have to pay the legal fees that brought upon the GLCA because they had a agreement with the property owner. Why should other cities help pay for legal fees that they did not create Monrovia is the one that had an agreement with an owner..

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »