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
Behind Yohana Rojas’ apartment near downtown Santa Ana, workers are pounding away on a new streetcar line. 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. 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 ab
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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