Jones Day is advising ACS Infrastructure Development, Inc. in connection with its formation and organization of the joint venture that was awarded the right to develop and operate the Angels Flight funicular railway in the district of Downtown Los Angeles, California.
A nonprofit has been in charge of the attraction for more than a decade, but a new private operator, ACS Infrastructure Development, Inc., is taking over for the next 30 years, and it will reopen the funicular.
Angels Flight and its cable cars, Sinai and Olivet, are prone to break-downs and accidents—a passenger died in a crash in 2001. They have been inactive since 2013 due to safety concerns.
Jones Day is advising ACS Infrastructure Development, Inc. on the deal with a team led by partner Enrique J. Martin.
Involved fees earner: Enrique Martin – Jones Day;
Law Firms: Jones Day;
Clients: ACS Infrastructure Development, Inc.;