SAN CLEMENTE, Calif., June 25, 2018 (GLOBE NEWSWIRE) --
When: Tuesday, June 26, 2018; Press Conference starts at 10:00 a.m.
What: Assemblymember Rocky Chavez and members of the San Clemente City Council and concerned citizens will discuss the results of the City of San Clemente’s recently commissioned report reviewing the decades of debt that the Transportation Corridor Agencies (TCA) has accrued. The results of this study will demonstrate that the TCA has increased their debt by Billions of Dollars despite failing to build any new roads in over 20 years.
This new report will be released prior to the hearing on AB 382 in the California Senate Transportation Committee on Tuesday, June 26, 2018.
Where: State Capitol, Speaker’s Press Room - Room 317, Sacramento, CA
Additional Background:
The Transportation Corridor Agencies (TCA) was originally formed in 1986 to oversee the San Joaquin Hills, Foothill and Eastern Toll Roads, but has not built any new toll roads since 1998, existing solely to continue to manage existing toll roads while its billion-dollar debt continues to grow.
AB 382 would limit the TCA from forming a new joint powers authority to construct new toll roads and limit the TCA from incurring any new indebtedness for the construction. It will remove all transportation planning functions from the TCA, leaving the TCA with the ability to service their existing toll roads and complete their debt obligations before the existing toll roads are returned to the public when these debt obligations are paid.
In 1996, Paul Glaab, the director of public affairs for the TCA stated “We're a single-purpose public agency, [whose purpose] is to finance, design and build the roads and then go out of business.” (“Heavy Lobbying Helps Spare Tollway Agency” Los Angeles Times, April 22, 1996., http://articles.latimes.com/1996-04-22/news/mn-61460_1_toll-road). Since 1996, the TCA has not built any new toll roads nor have they gone out of business.