Initiatives & Issues
The 2013 Grand Boulevard Initiative Progress Report showcases the success of the member organizations towards achieving the Grand Boulevard Vision. The document summarizes Grand Boulevard studies and highlights exceptional projects and plans in each Corridor jurisdiction. A foldout insert to the document contains an infographic that tells the story of the history, present, and future of the El Camino Real Corridor.
Wells Fargo releases, “California’s Broadening Economic Recovery” report which states strong growth in the technology sector continues to drive California’s economic recovery, propelling growth throughout the Bay Area.
According to a recent article in the Silicon Valley/San Jose Business Journal, San Mateo County is home to 7 startups pegged as the “Next Big Thing” in the Wall Street Journal’s annual ranking of the most promising new venture-backed companies. To be considered, companies had to receive venture funding in the past three years and be valued at under $1 billion.
In the first major milestone to advance Caltrain electrification from the High Speed Rail ‘early investment’ program, the California Transportation Commission voted to release $39.8 million in allocations for critical work to advance the Caltrain Modernization Program and prepare the corridor for a future blended system with California High Speed Rail. The funding will be used to further design work for Caltrain’s advanced signal system project known as the Communications Based Overlay Signal System with Positive Train Control (CBOSS PTC).
“The early investment of funds for modernization and improvements to local rail systems is key to delivering a 21st Century Rail Modernization Plan. The investments pave the way for electrification and bringing world-class rail to the Peninsula,” said Jeff Morales, CEO of the California High-Speed Rail Authority.”
The OpEd in the Mercury News on CA High Speed Rail and Caltrain electrification went statewide in the Daily Clips section of the High Speed Rail e-newsletter.
“California needs to start thinking big again and not give in to “declinists,” critics of progress who rear their heads when we need to move forward. This is especially true of high-speed rail….”