Identifier: railroadgradecro00cali (find matches)
Title: Report on railroad grade crossing elimination and passenger and freight terminals in Los Angeles
Year: 1920 (1920s)
Authors: California Public Utilities Commission
Subjects: Railroad crossings Railroad stations
Publisher: (Sacramento
Contributing Library: University of California Libraries
Digitizing Sponsor: Internet Archive

View Book Page: Book Viewer
About This Book: Catalog Entry
View All Images: All Images From Book
Click here to view book online to see this illustration in context in a browseable online version of this book.

Text Appearing Before Image:
res)was appro.ximately $347,298. This figure represents the cost of the landpurchased (2.59 acres) and the land acqiired free through ordinance (0.23acres). Practically all of the site (12.03 acres) was donated to the SouthernPacific by gift deed about the year 1889. This deed carried the proviso thatif the site were not used for a passenger statioiL the land would revert tothe grantor or his heirs. The deed also provided that a restaurant mustbe maintained. The value of the land, however, is quite another inatter.Our estimate of the present market value of the land is approximately$1.310..54S and of all .^nuthern Pacific holdings in this block. $2,101,128 Following is a valuation of the Arcade Station facilities: VALUATION—ARCADE STATION FACILITIES Land—Present Market Value— Southern Pacific Acres Wolfskin deed portion 12.03 $1,310,348 Purchased portions 2.59 720.780 Acquired through ordinance 0.23 70.000 14.85 $2,101,128 Wells Fargo and Company 23 70,000 Total 15.08 $2,171,128
Text Appearing After Image:
«5u s uj o < CC <I UJ I- _J ^ ■n UJ 2 < I- = i S j: a is < tn Vl a :e t/j .= — t ~ s a ■^ »• - i ^ f f = « c ^ ; s 3 4) 286 Los AxGEr.ES Terminal Investigation Facilities—Approximate Cost— Southern Pacific 693,000 Wells Fargo and Company 45,000 738,000 Total $2,909,128 The cost of the land was very much less, being $347,298 for SoutheniPacific lands and $83,550 for Wells Fargo and Company Express lands, atotal of $430,848. This is $1,740,280 less than the estimated present marketvalue. Probably the next most important advantage in the use of this sitelies in the complete segregation of passenger and freight movements in theindustrial district. This is of particular importance when it is consideredthat the passenger trains are diverted to the east bank of the river, leavingthe west bank free to act as a main lead or stem from which the industrialtracks may branch ofif, and on which freight traffic and switching may becarried on without any disturbance whateve

Note About Images