http://www.monorails.org/tmspages/LA1963.html
In 1963, Los Angeles politicians were given an offer too good to refuse. The Alweg Monorail Company, which had gained world-wide recognition for its demonstration monorail at the 1962 Seattle Century 21 Exposition, was looking to establish a major foothold in the world of urban rail transit. "We are pleased to submit this day a proposal to finance and construct an Alweg Monorail rapid transit system 43 miles in length, serving the San Fernando Valley, the Wilshire corridor, the San Bernardino corridor and downtown Los Angeles." So wrote Sixten Holmquist, then President of the Alweg Rapid Transit Systems in his June 4, 1963 letter to the Metropolitan Transit Authority (MTA). He went on to detail the financing aspect, "this is a turn-key proposal in which a group will share risk, finance the construction, and turn over to MTA a completed and operating system to be repaid from MTA revenues." The entire system came to $105,275,000, "plus any applicable sales tax." Alweg also agreed to conduct feasibility studies for expansion of the system over the entire Los Angeles Metropolitan area if the offer was accepted. Undoubtedly, if the monorail had been built, it would by now have been expanded to all major LA destination points and beyond.