What: The city of Laguna Beach invites the public to participate in three "listening meetings" and a shortsurvey about the Neighborhood Trolley Service. When: First Meeting: February 24 2020, 6pm Second Meeting: February 26 2020, 6pm Third Meeting: March 9 2020, 6pm Where: Laguna Beach Community and Suzi-Q Center, Third Street, Laguna Beach Survey: The short surveyis still active and taking comments. Details:
Toll Roads are like Timeshare Condos: you don't know how much they will cost and you don't know when the debt ends.
Consider these SoCal Toll Roads:
SR-73
SR-133
SR-241
SR-261
SR-241 Completion
These toll road projects are managed by two oversight boards, the Foothill/Eastern TCA and the San Jouquin TCA (Transportation Corridor Agency). Two financial firms evaluated the bond debt for these projects as shown in these charts.
The latest bonds mature in 2033 and 2053, these studies show for 36 miles of toll road the project cost will be
2033: $242 Million per mile
2053: $322 Million per mile.
When the San Joaquin SR-241 Corridor is included, 52 miles of toll will cost
2033: $167 Million per mile
2053: $223 Million per mile.
TCA's debt restructuring scheme guarantees the debt will never be paid off. Stop corporate welfare!
Consider the cost of lightrail is $13-$20 million per mile (no tunnels, no elevated sections, good soils, granted right-of-ways), what could SoCal residents do with the savings over Toll Roads?
If you made it this far, sit back relax, here's NotMyTollRoad's video.
