MoPac loan deal gets tentative nod
POSTED: Tuesday, April 10, 2012 - 9:02pm
UPDATED: Tuesday, April 10, 2012 - 9:14pm
AUSTIN, Texas — Local transportation officials made a preliminary decision Monday night to direct most of a $136.6 million windfall to the MoPac Boulevard express lane project.
But the Capital Area Metropolitan Planning Organization board, anxious to have money for future Interstate 35 projects, conditioned its support for a final June vote on exacting better terms for what amounts to a loan to the local toll agency building the project. The board's executive committee will negotiate final terms of an agreement with the Central Texas Regional Mobility Authority