2012-05-30: The San Diego Association of Governments (SANDAG) is reducing car tolls by between 12.5% and 41% on the '125 tollroad' or South Bay Expressway (SBX.) The governing board voted unanimously May 25 for a staff plan to reduce toll rates substantially, especially electronic tolls paid via a FasTrak transponder which will go down 41
Cofiroute USA has hired former San Diego Association of Governments (SANDAG) officer and business analyst Chris Burke as their new VP Business Development. Burke, now 38, was heavily involved in SANDAG's I-15 toll managed lanes implementation and operations and in managing the regulatory regime for regional tolling policy in California's southernmost metro area.
Sale of the South Bay Expressway tollroad (CA125) to the San Diego Association of Governments (SANDAG) went to financial close at the multi-city/county agency offices December 21 and SANDAG officially became the owner and operator of the facility today (Dec 22). Purchase price was $341.5m and SANDAG bought from the financial institutions left with its residual value after a bankruptcy last year.
SANDAG (San Diego Association of Government) is finalizing a deal to buy the bankrupt South Bay Expressway (CA125) with a strategy of lowering tolls to attract more traffic away from the crowded 805 freeway that runs parallel.
The San Diego Association of Governments (SANDAG) is buying the South Bay Expressway from the post-bankruptcy South Bay Expressway LLC for $345m, about two-thirds what it cost to build.
The SANDAG board agreed in principle to the purchase Friday but will discuss financing of the purchase at their next meeting scheduled for August 26. There have to be public hearings and a final decision by about November.
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