Boards Welcome New Directors
The San Joaquin Hills Transportation Corridor Agency (SJHTCA) and Foothill/Eastern Transportation Corridor Agency (F/ETCA) Boards of Directors welcomed new members to its Boards of Directors at the February 13 Board Meeting.
William Go, City of Irvine Councilmember, now serves on the F/ETCA and SJHTCA Boards of Directors. Janice Lim, Mayor of Yorba Linda, joined the F/ETCA Board of Directors and Erica Pezold, City of Laguna Hills Councilmember, serves on the SJHTCA Board of Directors.
For more information about the Agencies’ leadership, visit TheTollRoads.com.
Pacifica Building Improvements
The Boards of Directors approved a contract amendment with H. Hendy Associates for continued architectural design services to further assess the needs and opportunities for updates to the Transportation Corridor Agencies (TCA) offices and customer service walk-in center located in Irvine, helping improve security and safety as well as operational and energy efficiencies.
2025-2026 State and Federal Legislative Platforms Adopted
The Boards of Directors adopted the 2025-2026 State and Federal Legislative Platforms which outline TCA’s legislative priorities and serve as the Board’s policy guidelines throughout the upcoming two-year cycle.
The platforms outline TCA’s key principles and objectives while highlighting areas of focus for the Agencies, including support for national toll interoperability, protection of the Agencies’ local governance and decision making, and advancing TCA’s capital improvement projects. The platforms will be shared with key decision-makers in Sacramento and Washington, D.C. to ensure TCA’s priorities are considered in broader legislative discussions. The platforms also reflect TCA’s leadership in innovation and providing mobility solutions for the region.
SJHTCA Early Bond Paydown
CEO Ryan Chamberlain shared news about the SJHTCA’s early bond paydown of $200 million in junior lien bond debt in January. As part of the Agencies’ Strategic Plan, the SJHTCA executed its planned early bond paydown of bond principal – bonds that were issued in 2014 and had maturity dates of 2044 and 2049 – saving the Agency approximately $203 million in future interest payments.
The SJHTCA paid off the bonds with cash reserves when the bonds were callable on January 15.
Since 2022, the early bond paydown program has decreased outstanding principal and produced additional interest savings of approximately $1.79 billion for TCA.
By 2030, the Agencies plan to pay down another $720 million of bonds early, saving an additional $603 million in interest. This future debt reduction, when combined with the prior reductions of $1.79 billion, will collectively reduce debt by $3.1 billion.
To learn more, please visit the following links:
San Joaquin Hills Transportation Corridor Agency Pays Down $200 Million in Bonds Early
