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Los AngelesElon Musk can never quite live up to his company’s name. The Boring Co. has announced preliminary plans to build an underground high-speed zero-emissions tunnel from the Eastside of Los Angeles to Dodger Stadium. The 3.5-mile project has plenty to get excited about: it would reduce the traffic to Dodger Stadium, the commute time to four minutes and carbon emissions in a city plagued by traffic and smog, all for about $1 per trip. The potential impacts are significant, but one of the most innovative things about the project is a private company leading a mass transit project in Los Angeles. If successful, the project could serve as a blueprint for more private-public partnerships, as we’ll call them, in Los Angeles, and potentially more innovation.

“There have been various public-private partnerships, but in Los Angeles, I haven’t seen anything of this scale, complexity or cost with a private entity leading the charge,” Fernando Villa, a partner at Allen Matkins, tells GlobeSt.com. “It is typically public agencies that lead the charge. This is a nice precedent-setting kind of project that could, if successful, be the blueprint for similar public-private partnerships.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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