The first bond in November 2017 represents the first issuance as part of a wider framework planned by the City. The bond and any subsequent issuances will finance a transportation-related programme called “The Transbay Transit Center Program”, which aims to increase transit use through intermodal connections for eight Bay Area counties and the State of California through eleven transportation systems.
The proceeds of this initial bond will be used to finance a new one million square foot Transbay Transit Center (Train Box) that will replace the former Transbay Terminal in downtown San Francisco and a 5.4-acre Rooftop Park on top of the Transbay Transit Center that will also double as a green roof. A landscaped “green roof”, it will offer significant environmental benefits for the local community and biological habitat for flora and fauna. It will shade much of the ground-level sidewalk and provide public open space for transit passengers, neighbourhood residents and employees.
In February 2019, they issued the second Certified issuance to continue financing the Center.
|DATE OF ISSUE||NAME||ANNUAL REPORT||FURTHER INFORMATION|
|November 2017||Special Tax Bonds, Series 2017B||Use of proceeds bond||USD 171.4m||California||Low Carbon Transport||
Annual report published on the City's website
|February 2019||Special Tax Bonds, Series 2019B||Use of proceeds bond||USD 157.3m||California||Low Carbon Transport||*programmatic, use same reports as above|
|May 2020||Special Tax Bonds, Series 2020B||Use of proceeds bond||USD 81.82m||California||Low Carbon Transport||*programmatic, use same reports as above||Emma Official Statement|