It all starts with roads through the wilderness. Everyone knows this, but it is never said. Once a road penetrates a wildlife corridor, there are gas stations, trucks must make deliveries, intersections are created, rest stops and motels, stores, houses, and, in the end, massive mega-development leading to cementing over of the ground and huge new quantites of deposited and airborne particles which wash quickly off the cement, into the rivers and drains, and into the Ocean, impacting Beaches and offshore waters.
This unfunded liability has, up until now, been borne by the Taxpayer, letting the developer lope off with the money and leave the detritus for the creatures, who do not have a seat at this Board.
Both TOLLROADS, "San Joaquin" (SJ) and "Foothill Eastern" (FE), seem to be negative in cash flow, but the SJ is in far worse shape. So bad, in fact, that the financial advisor was talking about how to avoid default on hundreds of millions of insured bonds. The insuring agency (MBIA) supposedly is happy to wait past 2036 for ultimate repayment.
The theory here, of course, is that the TOLLROADS will open up the open space wildlife corridor to development, and, in 30 or 50 years, the road will be even more valuable than the bonds. This only works if they succeed in breaking up the wild, and constructing thousands more houses where forest, grassland, and habitat now exist.
The TCA board has one "holy mantra": completion of the "Foothill South", which goes right through San Matteo Creek, impinges on the ancient village of pan'ge, and affects the classic Trestles surf spot. This 15-16 mile stretch would cost $800 million to $1 billion to build, even if it were allowed.
Their big problem is how to finance TCA long enough for population pressure to kick in, and save the whole messy idea.
A large herd of slick, oily Wall Street types was there, to safeguard their bond investment and maybe pick up a few dozen million more from OC Taxpayers. It turns out that much of their operating budget, and a lot of construction money, comes from subsidies and grants from CA and Washington, DC.
Only three persons addressed the Board meetings (first, the SJ Board; then, the FE board; then a "joint meeting" of the 2 boards trying to save the thing).
MORE MEMBERS OF THE GENERAL PUBLIC must attend these meetings, and monitor the actions of the semi-secret, semi-public, cloistered board. It is, supposedly, a public agency, and spends our money to destroy our habitat and increase our urban runoff.
You can see pics and a rap at http://Orange-County.net/tca
1. To the
2. To the
joint meeting of the 2:
3. Bill Corcoran,
PLAN ON ATTENDING THE JULY MEETING, BRING THE BEACH TO THE TRANSGRESSORS!
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