TRANSACTIONS NEWSLETTER ONLINE

November/December 2004

Acting as the Bay Area Toll Authority (BATA), authorized the issuance of $300 million in toll revenue bonds, completing $1 billion in financing for the Regional Measure 1 (RM 1) bridge improvement program approved by voters in 1988. So far the RM 1 program has delivered the widening of the San Mateo-Hayward Bridge and the new westbound span of the Carquinez Bridge. RM 1 projects in progress include rehabilitation of the Richmond-San Rafael Bridge and construction of a second span for the Benicia-Martinez Bridge. BATA Resolution 54
Pursuant to the Regional Measure 2 (RM 2) bridge toll increase that kicked in on July 1, allocated $76.5 million in toll funds for 17 capital projects, including $2.8 million for the planned Dumbarton Rail Commuter Rail Service (for environmental documentation); $15.5 million for the Transbay Terminal/ Downtown Caltrain Extension Project in San Francisco (for preliminary engineering); and $750,000 to place 14 City CarShare vehicles at six transbay transit stations. MTC Resolutions 3647–3656, 3658– 3660 and 3662–3665.

Contents