May 27, 2024 #1 Local News, Information and Event Source for the Century City/Westwood areas.

Small Businesses to Receive Compensation for Purple Line Construction

Business Interruption Fund expanded to Westwood

By Sam Catanzaro

Los Angeles County Metropolitan Transportation (Metro) has announced that they will provide compensation to Century City and Westwood businesses to account for revenue lost during the construction of the Purple Line Extension. 

“Transit rail construction can mean growth opportunities for small “mom and pop” businesses located along transit corridors; however, transit construction also can be challenging for small businesses,” Metro said. 

Last month, Metro announced the expansion of its Business Interruption Fund (BIF) for businesses that stand to be impacted by the third phase of the Purple Line Extension which will bring the light rail line to Westwood. 

Already in place for Koreatown, Beverly Hills and Century City, business owners in Westwood can now apply for compensation from the $10,000,000 BIF fund. Each business can receive up to $50,000 or 60 percent of annual business revenue losses per business. 

This financial assistance covers fixed operating expenses such as utilities, insurance, rent and payroll. 

Factors included in the selection of recipients include the type of business and demonstration of lost revenue, but the most important factor is location. Businesses must be located along the line, which in Westwood means on Wilshire Boulevard. In addition, these funds are only available to operations with less than 25 employees. 

For more information, visit metro.net/projects/business-interruption-fund.

 Metro’s purple line Purple Line Extension, which will take the subway nine-miles further westward, is taking place in three phases. Construction of the second section between Beverly Hills and Century City started in 2017 and is expected to be complete in 2025. Phase three is estimated to cost $1.3 billion and will connect the subway from Century City to Westwood and the V.A. Hospital.

Metro says that the FTA funds will allow the entire line to open by 2026, in time for the 2028 Olympic and Paralympic Games in Los Angeles, news that was celebrated by Senator Dianne Feinstein of California.

Related Posts

West Hollywood’s Arts and Culture Industry Generates $12.4 Million in 2022

May 24, 2024

May 24, 2024

Industry Supports 248 Jobs and Contributes $3.4 Million in Tax Revenue The nonprofit arts and culture sector in West Hollywood...

UCLA Police Make First Arrest in Attack on Palestine Solidarity Encampment

May 24, 2024

May 24, 2024

18-year-old Charged With Assault with a Deadly Weapon; Bail Set at $30,000 By Dolores Quintana After three weeks, the University...

UAW Local 4811 Calls for Strike at UCLA and UC Davis Over Unresolved Labor Practices

May 24, 2024

May 24, 2024

UCLA Administration Calls in Riot Police Over Brief Establishment of Second Encampment The Executive Board of UAW Local 4811 called...

Woman Charged After High-Speed Pursuit, Multi-Vehicle Crash on 405 Freeway

May 23, 2024

May 23, 2024

Preliminary hearing set for June 20, Suspect Faces Multiple Charges Los Angeles County District Attorney George Gascón announced that a...

UCLA Police Chief Reassigned After Assault on Palestine Solidarity Encampment

May 22, 2024

May 22, 2024

Acting Chief Named as John Thomas Reassigned to Other Duties on Monday By Dolores Quintana In the aftermath of the...

(Video) The Long Awaited Opening of @Something About Her. The line was down the block for most of the day. Huge success

May 22, 2024

May 22, 2024

If you look closely you can see the owners in the video, who were so very gracious and genuine to...

Off-Duty West Bureau LAPD Officer Arrested for Assault with a Deadly Weapon

May 22, 2024

May 22, 2024

Officer Taken Into Custody in Westchester, Internal Affairs is Investigating An off-duty Los Angeles police officer was arrested Tuesday for...

UC Workers’ Strike Intensifies Amid Unresolved Labor Disputes

May 22, 2024

May 22, 2024

University of California Refuses to Attempt to Resolve ULPs The California Public Employment Relations Board (PERB) has urged the University...

LAPD, DEA, and Postal Service to Investigate Actor Matthew Perry’s Death

May 22, 2024

May 22, 2024

Authorities to Probe How Perry Obtained Ketamine Found in His System. The Los Angeles Police Department (LAPD) has launched an...

Venice Canal Attack Victim’s Condition Takes a Tragic Turn

May 22, 2024

May 22, 2024

CD 11 City Councilmember Traci Park Releases Statement The devastating news that one of the two women who were brutally...

City Files Lawsuit Against Motel Owners For Allegedly Allowing Drug Activity

May 22, 2024

May 22, 2024

A Court Order Could Close the Motel for One Year and Require Changes to Management By Zach Armstrong A lawsuit has...

(Video) 2024 Take Action Campaign Happening Now

May 21, 2024

May 21, 2024

More Information at takeactionla.com @centurycitywestwoodnews Take Action Campaign is happening now throughout LA County #mentalhealth #losangeles #fyp #california #wellbeing #health...

Father-Son Duo RSG Janitorial Services Finds Joy In Serving Customers

May 21, 2024

May 21, 2024

Finding handymen and janitorial services can be a hard pick. RSG Janitorial Services, based in Los Angeles, offers a mix...

LA Pride 2024 Announces George Takei, Cassandro, and Kristin Crowley as Grand Marshals

May 21, 2024

May 21, 2024

Celebrate “Power in Pride” with live broadcasts, a block party, and special events This year’s LA Pride Parade will celebrate...

Target Slashes Prices on 5,000 Everyday Items for Summer Savings

May 21, 2024

May 21, 2024

Consumers to Enjoy Reduced Prices on Essentials Starting Now Target Corporation announced on Monday it will lower the everyday regular...