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Stock impact report

Only Los Angeles could spend $1.5 billion to make airport traffic worse [Los Angeles Times (CA)]

Lyft, Inc. - Class A (LYFT) 
Last lyft, inc. - class a earnings: 2/11 04:05 pm Check Earnings Report
Now, do we want to treat our guests — and ultimately ourselves — to an even worse welcome: a half-finished, $1.5-billion roadway project at LAX that will only end up making traffic more gridlocked? Whether you are crawling along in holiday traffic — achingly close to the terminal just hoping you'll make the flight — or are making your daily commute to work at the airport and the many businesses that surround it, the approach roads to LAX are already one of Angelenos' least favorite places. Now, LAX's board has approved what they call a “modernization” project to reroute and expand the roads leading into the airport's infamous “horseshoe.” This project isn't scheduled to be completed before the 2028 Olympics. And what's more, it won't fix traffic at the airport — it will only make it worse. Why? For one, any short-term travel-time improvements won't last. Most drivers use Google Maps and Waze to algorithmically navigate shifts in traffic when heading to the airport. So even if a ne Show less Read more
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