Time Magazine recently produced an online video segment with Los Angeles Mayor Antonio Villaraigosa in which he explains his efforts to establish what is called a "bridge loan" from the federal government to fast track a host of mass transit projects. According to the mayor, this would have the immediate impact of creating jobs while also making important investments in transit and infrastructure. If successful, it could serve as a model for how other major cities could finance needed improvements in transportation and infrastructure.
Here is the video:
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