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Originally Posted by JDRCRASH
On the East Coast, If I remember correctly, New York has one as well, but It only goes across FDR Island. And it's in the sky, right. 
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You're talking about the Roosevelt Island Tramway. It runs parallel the Queensboro Bridge @ 59th Street to Roosevelt Island which is a small Island strip in the East River.
Personally, I wouldn't compare a downtown LA trolley to this. The tramway is used to connect people who generally live in Roosevelt Island w/Midtown Manhattan. There are no direct bridges between Roosevelt Island and the island of Manhattan.
I might be mistaken, but in the past I believe I had read reports that AEG was looking into financing the downtown Trolley. From my understanding, the trolley is supposed to connect key districts of the downtown area such as LA Live, the Financial District, the Civic Center and the Historic Core. The trolley would serve the purpose of moving people within downtown, as opposed to the connector, which would serve to bring people to or through downtown. I think the trolley has the potential to become (again) an LA Icon, as well as a convenient means of transportation for people living in DT. I say, bring on the trolley, and more importantly, bring on the connector.
In anycase, I think it's important to remember that LA has already run a successful Broadway. Of course, the introduction of highways and the availability of cars paused the city a few decades, but undoubtedly it's gearing up to shine in a way it had forgotten it could.