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Committee backs $35M Transbay CFD bond authorization to advance Downtown Rail Extension
Summary
The committee forwarded a resolution authorizing up to $35 million in Community Facilities District bond proceeds to support Federal Transit Administration project‑development requirements for the Downtown Rail Extension (DTX); labor and construction unions strongly supported the move during public comment.
The Budget & Finance Committee on Sept. 15 voted to forward a resolution authorizing up to $35 million in CFD bond proceeds to support the Transbay Joint Powers Authority’s Downtown Rail Extension (DTX) project.
Alfonso Rodriguez, project director for the TJPA, told the committee the CFD proceeds would provide $30 million for FTA project‑development costs required to pursue the FTA New…
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