Case of the missing $1.5 billion: A ‘clerical error’ misled San Francisco agencies on Transbay funding

May 5, 2016

By Chris Rauber,

Three major San Francisco planning and transportation agencies thought the Transbay Transit Center was set to get $2 billion from the California High Speed Rail Authority, but were misled by what all now agree was a rather massive clerical error.Website Insert Development Finance and Management copy

Instead of the $2 billion, as was stated in an earlier draft of the CHSRA’s 2016 business plan, the transit center will get $557 million to help it pay for a 1.3-mile railway extension from the Caltrain station at Fourth and King Streets to the new Transbay transit hub under construction South of Market.

Lisa Marie Alley, a spokeswoman for the California rail agency, explained that the draft business plan was “erroneously carrying a higher number, and that has now been corrected.”

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