Costs and Funding Sources
Who Knows?

The City of Glendale has NO Money for this Project

Funding will need to be sought out, identified and applied to for such a massive project.

Currently, no real funding sources have been designated or allocated by the City, the County, or any government agency. Similar projects and their development costs suggest this project could cost between $300 million – $2 billion.

Regardless, the City Council has felt it prudent to spend $440,000 to study its feasibility and has contracted with a New York City design firm called !melk for:
1. Project Initiation & Pre-Design
2. Visioning
3. Visioning Refinements
4. Community Input & Engagement
5. Final Design & Report

!melk and Brand Name Funding Sources?

!melk is particularly expert in creating strong “brand identities” for places, and almost always include a fundamental and simple “built-in” fundraising approach with fundraising strategies that create an opportunity for “Naming Rights” and “Sponsorships” as a source for funding! Basically, the City would sell advertising rights along the path!

Imagine the “Jace Hardware Verdugo Wash Bike Path!”

Why would quiet thriving residential neighborhoods want this?

!melk has identified similar projects and their development costs, which suggest this project could cost between $300 million – $2 billion. The development funding coming from tax dollars is unknown. There has also been no discussion about the ongoing operational costs to maintain a 9.4-mile path including:

  • Newly Needed Ongoing Policing
  • Newly Needed Fire & Emergency Response
  • Facilities Maintenance and Management
  • Public Parking and Enforcement
  • Trash Clean-up and Recycling Costs
  • Utilities

Several years ago the City government requested and supported the passing of “Measure O” that increased in the City’s sales tax to help cover anticipated unfunded financial obligations. What has been learned?

Wouldn’t it be prudent for our elected representatives to declare a moratorium on new civic projects until the City’s financial obligations have been met?

Similar Project Costs, Acording to !melk?

While no price tag for this project has yet been established, the !melk design firm lists the costs of several relevant precedent projects in its preliminary report, including:

• The 606, Chicago, IL – a 2.77-mile elevated trail – $95 million.
• The High Line, New York – an elevated 1.45-mile greenway – $238.5 million
• Atlanta Beltline – a former 22-mile rail corridor – projected cost is $4.8 billion.

A 2012 study by the U.S. Army Corps of Engineers on L.A. River Ecosystem Restoration Feasibility lists the proposed costs for that project at an average of $75 million per mile.

The same study also lists other “like” restoration projects including:
• Rio Salado project, Phoenix, AZ – a 5-mile river restoration project – $100 million
• The Tres Rios project, Phoenix, AZ – a 7-mile river restoration project – $270 million

Based on these figures, completion of the 9.4-mile Verdugo Wash Visioning project could easily cost in the neighborhood of $300 million – $2 billion.

In addition to any construction costs, there will also be ongoing costs for utilities, maintenance, policing and parking enforcement – all of which would be paid through local taxes.