Elevate Inglewood Partners Selected as ITC Developer

Elevate Inglewood Partners Selected by City of Inglewood as Best Value Proposer for the Inglewood Transit Connector Project

INGLEWOOD - July 22, 2024 - In a sign of another step towards construction of the Inglewood Transit Connector (ITC) project, the City of Inglewood (City) today announced that Elevate Inglewood Partners ("EIP"), a public-private partnership consortium comprised of Plenary Americas US Holdings, Inc. (equity member), Tutor Perini Corporation (lead contractor), Parsons Corporation (NYSE: PSN) (lead designer), Woojin Industrial System Co., Ltd. (automated transit system operator and supplier) and Alternate Concepts, Inc. (lead operations and maintenance contractor) has been selected as the Best Value Proposer.

The ITC Project includes design, construction, financing, operation, and maintenance of a 1.6-mile automated people mover that will connect the Metro K Line and Inglewood's new major employment and destination centers, including the Kia Forum, Sofi Stadium, YouTube Theater, the Intuit Dome, as well as housing and commercial destinations in the surrounding area.

"The announcement of the selection of a team to develop and operate the ITC is another key milestone in the process to make this transformative investment in our city a reality," said Inglewood Mayor James T. Butts.

Previous recent milestones included the commitment from the Federal Transit Administration (FTA) last December to allocate $1 billion to the ITC project once it completes further procedural steps and the inclusion in President Biden's budget last March of a recommendation to make the first payment of $200 million towards the federal contribution.

The approval of the $1 billion funding reservation for ITC was the culmination of a rigorous evaluation process conducted by the FTA that measures the community benefits of the project, including congestion reduction, air quality improvements, and economic development potential. The FTA also evaluates the cost effectiveness of the project in providing those benefits.

The City has partnered with LA Metro and the County of Los Angeles to establish the ITC Joint Powers Authority which will oversee the design, construction, operations and maintenance of the ITC, following contract award.

"The ITC will link our LA County Metro system to key destinations in Inglewood," Los Angeles County Supervisor and LA Metro Chair Janice Hahn said. "It will also help alleviate traffic congestion, reduce emissions, and increase ridership on LA Metro."

The project is on track to start construction next year. All environmental approvals have been secured, and a Community Workforce Agreement with the LA/OC Building Trades Council has been executed to ensure that the project meets aggressive local hiring requirements and utilizes union labor. 17,000 jobs are anticipated to be created by the project.

"Across the region, we are working to prepare to host major world events in the coming years like the 2026 FIFA World Cup and the 2028 Olympic and Paralympic Games. I continue to support this vital project moving forward to provide major benefits to our region by improving transportation and creating good paying jobs," said Mayor Karen Bass. "I applaud Mayor Jim Butts for his leadership these last few years in securing Federal, State and local funding to expand our transit system in our region."

"In addition to the environmental benefits, the ITC will foster continued economic revitalization in the City's historic downtown area, create growth opportunities for transit-oriented development and support affordable housing along the project alignment in the City." said State Assemblymember Tina McKinnor.

"Inglewood continues to undergo an unprecedented renaissance - attracting a record number of visitors and jobs. To sustain and build on this growth, we need world class transit to get our residents and visitors where they want and need to go," said Mayor Butts. "We are grateful for the ongoing leadership, team effort, and support from our local, State and federal partners - including U.S. Department of Transportation Secretary Buttigieg and his team at FTA, Senator Padilla, Governor Newsom and his team at the State Transportation Agency, Assemblymember McKinnor, the LA Metro Board and CEO Stephanie Wiggins, the Los Angeles County Board of Supervisors, and the leadership of the South Bay Cities Council of Governments. I am confident that the EIP team will be a responsible and effective partner to help us deliver this essential infrastructure project that will serve the region for many years in the future."

EIP and the City are currently in discussions and negotiations regarding the project's pricing and contractual terms, with a proposed contract anticipated to be considered by the City Council in the Fall.

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