Transbay Transit Center body to vote on capital, operating budgets 

The Transbay Joint Powers Authority’s Board of Directors will vote Thursday on the agency’s operating and capital budgets for the upcoming fiscal year.

The TJPA, which manages planning operations for the new Transbay Transit Center, has proposed a $3.8 million operating budget and $363 million capital budget for the 2011 Fiscal Year, which begins on July 1. The operating budget details the day-to-day activities of the TJPA administration, while the capital budget outlines long-term development work of the project.

The center, which is expected to be completed in 2017, received a major boost in April, when the California High Speed Rail Authority decided to make its final San Francisco terminus at the transit center.

Groundbreaking on the $1.6 billion undertaking is expected to begin later this summer. The TJPA Board of Directors will meet at 9:30 a.m. on Thursday at City Hall.

http://www.sfexaminer.com/local/Transbay-Terminal-is-focus-of-rail-project-90330024.html

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