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Mayor Pro Tem highlights $45 million TIFIA interest savings and updated Metrolink plans
Summary
Mayor Pro Tem Bridal Bergson told the council that RCTC recommended restructuring a TIFIA loan for 15 toll roads, which he said would save about $45,000,000 in interest and lift federal restrictions on excess toll revenues; he also described Metrolink ridership gains, an optimized schedule to shorten transfers, and early planning for BrightLine service into the region.
Mayor Pro Tem Bridal Bergson reported on multiple regional transportation items at the Oct. 17 council meeting. He said the Riverside County Transportation Commission’s accounting team recommended restructuring a TIFIA loan on 15 toll roads and that the change "will save about 45,000,000 in total of interest payments" under the existing loan. According to Bergson, restructuring will also remove federal restrictions—one cited example is a multi‑year hold on…
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