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RMA interim finances: $8M Wyler tranche, $3.5M potential Border Highway West debt removal; bike‑share ridership up
Summary
The RMA's interim financial statements show an $8 million draw for the Wyler project, a pending $3.5 million removal tied to a Border Highway West termination agreement, about $600,000 investment income year‑to‑date and gains in the bike‑share program.
At its April 9 meeting the Camino Real Regional Mobility Authority board reviewed second‑quarter interim financial statements and related program reports covering investment income, the RMA bike‑share program and an analysis of local versus nonlocal labor used by engineering consultant teams.
Robert Studer, who led the finance review, said the RMA received an $8,000,000 initial tranche from Texas Parks and Wildlife after construction on the Wyler project began in early February; subsequent draws are scheduled at 40% and 75% completion. Studer told the board that the increased cash position reflects that receipt and that project spending is progressing quickly on Wyler.
Studer also highlighted a $3.5 million line item related to a Border Highway West Termination Agreement. The board…
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