Metrolink service cuts, Metro to the World Cup, and more

Here's what we're reading this week:

Metrolink Cut Service; Budget Pressure Could Mean More Cuts, Fare Increases Faced with a ~$30M budget shortfall, Metrolink has extended temporary service cuts indefinitely and is 'evaluating more significant service reductions and a potential fare increase that could take effect as early as October'" (Streetsblog LA)

How does L.A. spend nearly $15 billion? "No bold new proposals in Mayor Bass's budget, but no dire cuts either" (Crosstown)

Why LA college students are ditching $30 Ubers for the Metro "Free passes, safer stations, rising gas prices and expanding lines are inspiring a new generation to ditch cars and ride transit." (The LA Local)

Amid backlash over World Cup parking and transportation, LA Metro offers a solution "LA Metro has been able to hold costs down in part because it received $9.6 million in funding from the $100 million Congress gave the Federal Transit Administration to support transportation to and from World Cup stadiums. LA Metro is adding about 300 buses to its regular fleet to handle the additional demand, with shuttles servicing nine direct routes to SoFi and various fan zones." (LA Times)

The Shrinking, Social Media-Obsessed, Menu-Slimming L.A. Restaurant Scene "Trends and economic pressure squeeze successful eateries into smaller, more dynamic spaces, with significant implications for restaurant real estate" (Commercial Observer)

Hackman defaults on $100M loan on creative office campus, faces foreclosure "Culver City campus appears totally vacant after Sony left — latest in string of defaults for Michael Hackma" (TRD)

Hackman, Affinius list Culver Steps, could command $150M, or $1.2K psf "Newmark has offering for completely leased office, retail campus where Amazon Studios, Erewhon are tenants" (TRD)

This LA apartment building was revolutionary. After years of neglect, it has finally been restored "When it was first built nearly 100 years ago, the Jardinette Apartments building in Hollywood made international headlines for its radical design. At the time, Los Angeles had never seen anything quite like architect Richard Neutra’s iconoclastic vision of what apartment living could look like." (LAist)

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