DTLA's streetcar got a 73% yes vote from residents living within a three-block radius of the proposed route, which would be paid for by property owners in that same radius. The rationale is that these property owners will see an increase in the value of their property as a result of the increased access the streetcar brings, and that they are likely to pass it on to renters.

This new parcel tax is expected to fund about half of the $125 million cost of the streetcar, with the remainder to be covered by federal funding, which has not yet been secured. Construction is expected to begin next year. The streetcar will loop through downtown seven days a week 18 hours a day.

Read more on blogdowntown.com.