POSTED: Tuesday, April 10, 2012 - 8:02pm
UPDATED: Tuesday, April 10, 2012 - 8:14pm
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
For more head to http://www.statesman.com/news/local/mopac-loan-deal-gets-tentative-nod-2293272.html