TJPA Unveils Final Design for New Transbay Transit Center

The Transbay Joint Powers Authority (TJPA) Board today heard a final design report prepared by Pelli Clarke Pelli, the project architect, for the new Transbay Transit Center and Park. The completion of the design will permit construction of this landmark facility to start in August of this year. The TJPA staff also presented a $1.589 billion budget for the first phase of the project, updated to include the cost of building the below ground train box.... 

Transbay Joint Powers Authority Closes on $171 Million TIFIA Loan for Transbay Transit Center Project

The Transbay Transit Center Project reached another important milestone as the Transbay Joint Powers Authority (TJPA) closed on the $171 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan for the project. The loan was made possible based on the TJPA’s sound finance plans, favorable audits and positive credit reviews—requiring an investment grade credit rating. The loan will fund 14 percent of the project’s $1.2 billion...