LOS ANGELES, Calif.—A proposed streetcar system in downtown Los Angeles would create 9,300 jobs and generate about $47 million for the city, according to a study released today by supporters of the project.
"The Los Angeles streetcar will have an incredible return with major benefits for Los Angeles—over $1.1 billion in new development and thousands of new jobs,'' according to Tim Leiweke, president and CEO of AEG, the owner of Staples Center and the company pushing for an NFL stadium in downtown Los Angeles.