Approximately 3:22 this evening, a BMW reportedly ran a red light at the intersection of Soto Street at 1st, and collided with a school bus. There is one dead at the scene; KABC-7 reports that he or she was either a pedestrian or riding a bicycle. There were injuries on the bus, but none are reported to be life threatening.
The occupants of the car fled the scene on foot, but were apprehended by a nearby construction worker.
Update: Despite a statement from a witness that the person killed had been riding a bicycle, it appears that the victim was a pedestrian, rather than a bicyclist. The bad news is, an innocent person is dead because some jackass felt a need to run a red light fast enough to knock over a school bus.