Metro - File #: 2019-0760

• File #: 2019-0760
• Type: Informational Report
• Status: Agenda Ready
• File created: 10/2/2019
• In control: Planning and Programming Committee
• On agenda: 11/20/2019
• Title: RECEIVE AND FILE quarterly update on the Twenty-Eight by '28 Initiative pillar projects.
• Sponsors: Planning and Programming Committee, Executive Management Committee
• Indexes: Budgeting, C Line (Green) Extension to Torrance, Capital Project, Capital Project Funds, Debt, Financial analysis, Funding plan, Grant Aid, Informational Report, Measure M, Olympic games, Payment, Procurement, Program Management, Start of first construction, Twenty-eight by '28 Initiative, Value capture

Meeting_Body
PLANNING AND PROGRAMMING COMMITTEE
NOVEMBER 20, 2019
EXECUTIVE MANAGEMENT COMMITTEE
NOVEMBER 21, 2019

Subject
SUBJECT: TWENTY-EIGHT BY '28 PILLAR PROJECTS QUARTERLY UPDATE

Action
ACTION: RECEIVE AND FILE

Heading
RECOMMENDATION

Title
RECEIVE AND FILE quarterly update on the Twenty-Eight by '28 Initiative pillar projects.

Issue
ISSUE
This item is an ongoing status report of the pursuit of the Twenty-Eight by '28 Initiative with a focus on the four identified "pillar projects." In addition, this item responds to Board requests during the July 2019 quarterly update to establish a Metro task force, provide additional detail on specific strategies to accelerate the projects, identify the tipping point where projects cannot be delivered, and determine what is not financially feasible.

Background
BACKGROUND
The Reimagining of LA County staff report, which identified assumptions and priorities to deliver the Twenty-Eight by '28 Initiative, was submitted to the Board in February 2019 and recommended quarterly status reports. The Metro Board provided direction in response to The Reimagining of LA County report to prioritize the four pillar projects and prepare a financial forecast and constructability analysis. Staff submitted the pillar projects financial forecast and constructability analysis to the Board in July 2019. This report represents the third quarterly status report to the Board.

Discussion
DISCUSSION
This report provides an update on the pillar projects baseline planning schedule (Attachment A) and strategies that staff is pursuing to accelerate the pillar projects. In particular, we are providing information on the recommended Metro task force, project updates, specific acceleration strategies, tipping points, and what is not feasible.

Establish a Task Force
Metro staff set up a task force comprised of representatives of our CEO, including Office of Extraordinary Innovation), Government Relations, Program Management, Finance,...