Transbay Terminal

Daily News Roundup for Monday, February 22, 2016

Feb 22, 2016

Here's what's happening in the Bay Area, as curated by KALW News:

Troubled SF transit project puts public on hook to Goldman Sachs // SF Chronicle

The over-budget Transbay Transit Center is so stretched for cash that officials have been forced to take out a short-term loan from Goldman Sachs that puts the public on the hook for $37 million just in fees and other charges.

Audrey Dilling

 

 

When it’s finished, the Transbay Terminal will be a hub for 11 public transit systems – from Muni to AC Transit to California High Speed Rail – connecting people from all around the state. It’s being touted as the future “Grand Central of the West”. But right now, it’s a big hole in the ground – one that people have to travel around, rather than through.

$1.5 billion of California’s High Speed Rail money has been guaranteed to Caltrain’s rail electrification project. It means progress for building a 1.2 mile tunnel from San Francisco’s Caltrain station to the new downtown Transbay Terminal. San Francisco transportation officials are now requesting $1 billion in federal grants for the Bart extension project to San Jose...