Page 4 - Fund Forward News Today : Breaking News, Live Updates & Top Stories | Vimarsana

20 20 construction phases first, the construction of the transbay building that broke ground in august of 2010 we finished it this year the groundbreaking and in t in the next over the course of the next phrase ill is a structure steel frame of the entire facility emerge from the ground were on track to complete construction of the Transit Center and begin bus partitioned in late 2017 and we brought to the Transbay Joint Powers Authority board a budget adjustment of 310 million that was approved in july of 2010 that increased our budget there was 2 primer drivers the first were the results of ...

Interests with about 8 hundred and of Million Dollars being available to the project. This slide is really to show a comparison of what is in the implementation document as was adopted in 2012 it spiefd that the special tax will be eventually of 55 percent of Property Value a footnote of generating 4. Plus million in by 7 percent so weve tried to reciprocate the same scenario maintaining the six 5 percent of the property tax value and when i compare that in regards to whats in front of does the board it generates about 514 million in the total future special taxes assuming the 7 Percent Discou...

With those investments. I want to recognize the Golden Gate Bridge company and thank them for the 12 percent dbi contempt on this project. Thank you all for being here. Im happy to be working with the transportation staff and my colleagues to make sure we have the fund to go forward and making sure we deliver n this project on time and thank you to all the staff. Were seeing great connections between the east bay and San Francisco and yerba buena and Treasure Island and the future generations can look at as a model for achievement thank you very much. Thank you sxhooflz for your leadership and...

Get translated 666 million so if we use 200 million on phase one that would leave an estimated 406 million for phase two thats how it facilities for the d t x the first lines are committed funds weve received aligned for 45 millions for the melrose that was mentioned that is 466 million and in the next line the up starts is the result of a very significant milestone for the project that was also achieved in the summer of 2013 we were designated for did you new starts program by far the largest stream that exist for this types of project so its a longstanding goal for the designations of the re...

Us to do a second loan for the a t x. And so in terms of overall cost of the d t x our board approved a 2. 6 billion for the 2008 that is a traditional design approach we worked with our Financial Consultants to revise it estimate for 2,014 and in todays dollars that repeals 3 billion approximately 3 billion to construct the d t x one and a 180 million what was for a fire chief grade for the tracks bringing in caltrain from the south bay its been a goal of the city to bring those tracks under Mission Bay Drive and essentially build a stub and tunnel which it is constructed it will be easy and ...