A streetcar is coming to downtown Santa Ana. Will it fast track gentrification? [Los Angeles Times (CA)]
Toll Brothers, Inc. (TOL)
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Source: Los Angeles Times
Nearby, a 218-unit complex is going up on 4th Street, promising a “new riff on downtown living” for rents likely above $3,000 a month. Rojas' family gets by on what her husband earns as a painter. With two children to feed, the couple can't afford more than the $1,800 they pay for the two-bedroom unit. Advertisement Even before the streetcar was approved, many longtime neighbors had already left, Rojas said, unable to keep up with rising rents. She worries that prices will continue to increase and more people will be driven out. “The streetcar is going to bring improvements,” said Rojas, 40, who has lived in the neighborhood since arriving from Mexico in 2007. “But what's going to happen when it's running in 2024? The first thing that's going to go up is our rents, and we're going to have to leave. What good are those improvements for us then?” The electric-powered streetcar, which will run about four miles from Santa Ana to Garden Grove, may be a boon to some businesses on
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News
- Toll Brothers at Crystal Valley Opens in Castle Rock, Colorado [Yahoo! Finance]Yahoo! Finance
- Toll Brothers at Crystal Valley Opens in Castle Rock, ColoradoGlobeNewswire
- Toll Brothers (TOL) Continued to Grow in the First Quarter [Yahoo! Finance]Yahoo! Finance
- Toll Brothers Announces a New Home Collection Coming Soon to its Griffith Lakes Community in Charlotte, North Carolina [Yahoo! Finance]Yahoo! Finance
- Toll Brothers Announces a New Home Collection Coming Soon to its Griffith Lakes Community in Charlotte, North CarolinaGlobeNewswire
TOL
Earnings
- 2/20/24 - Beat
TOL
Sec Filings
- 4/15/24 - Form 144
- 4/15/24 - Form 4
- 4/3/24 - Form 4
- TOL's page on the SEC website