Innovation Award- California Society of Municipal Finance
RCTC received an Innovation Award from the California Society of
Municipal Finance Officers (CSMFO) for its 91 Project bond rating
presentation package. RCTC prepared a comprehensive presentation to
bond rating agencies (Standard & Poor's Rating Service, Moody's
Investors Service, and Fitch Ratings) in spring 2013. The
presentation resulted in favorable ratings for the sale of bonds
and execution of a federal TIFIA loan, completed July 2013.
The presentation included a set of 91 Project branded
information; three presentation booklets covering RCTC, sales tax
financing, 91 Project financing and a flash drive with project
videos. The presentation also included a video the severe traffic
congestion experienced daily on the 91; this video was posted to
YouTube to save the rating agencies the costs associated with
traveling to California to experience the congestion
Best Practices Award of Merit - Inland Empire Section-American
This award recognized RCTC's authentic engagement approach to
the acquisition of the Buena Vista Mobile Manor and relocation of
its residents. The forward-thinking approach on behalf of RCTC to
incorporate a public outreach component as part the acquisition and
relocation of the residents at the BVMM senior mobile home park was
unique, as this type of involvement is not typically seen in ROW
efforts. This increased level of public outreach was needed due to
this sensitive population: long-time residents, primarily on fixed
incomes, seniors with many over the age of 80. IES-APA lauded RCTC
for the best practices employed in dealing with an affected
population and for successfully moving through a difficult process.
APA-IE will present the award on May 8, 2014.
Award of Distinction - California Association of Public
The acquisition, relocation and outreach program for Buena Vista
Mobile Manor also won the 2014 California Association of Public
Information Officials Excellence in Communications Awards. The
program received the "Award of Distinction" on April 10, 2014.
Poster Presentation Session Winner - Women's Transportation
The Buena Vista Mobile Manor acquisition/relocation/public
outreach effort was selected as a program that exemplified the May
2014 international conference theme, "The Power of Connection:
Mobility, Community, Innovation." The program was designated as the
only entry to specifically address the social justice component of
transportation and public outreach; as such, it was ranked highest
of the 70 entries submitted. RCTC will spotlight the
acquisition/relocation/public outreach efforts to 400 attendees of
the WTS International conference on May 15, 2014.
The 91 Project Team has developed a timeline of activities
taking place within the project limits. This graphic will be updated as the
schedule progresses. Please click on the image below to view in full size.
Up to Speed is a monthly e-bulletin that offers news and updates about
the 91 Project, which is starting construction in Corona and
Riverside. For the latest information, please stay connected
through the Contact Us/Feedback section of this
website. Please use the links below to read one of the monthly
From the Field is a periodic
construction update from 91 Project Manager David Thomas. The publication
highlights significant construction activities within the project limits.
Please share this latest information to your social media networks by clicking the
RCTC is using a combination of local, federal, state and
toll sources to fund this estimated $1.4 billion project. A significant
portion of funding will be provided by Measure A, the half-cent sales tax for transportation
improvements in Riverside County.
About a third of the project cost will be funded by a $421 million
federal loan from the Transportation Infrastructure Finance and
Innovation Act. RCTC was one of only five agencies nationwide selected
in April 2012 to apply for this federal loan.
Revenue generated from the tolled express lanes will pay for
operations and maintenance of the lanes and repay both the federal loan
received for the 91 Project and toll revenue bonds used to pay for the
project. Toll lane revenue also will help pay for the new regular lanes
and interchange improvements along this section of the 91. By law, toll
revenue that is collected must be reinvested along the 91 corridor and
cannot be used by the state during budget crises.
The following provides detail of each funding source.
RIVERSIDE COUNTY MEASURE A REVENUE - $772
FEDERAL LOAN - $421 million
TOLL REVENUE BONDS - $174 million
STATE - $39 million
**Federal Loan and Toll Revenue Bonds will be repaid from
Eye on the Community, January 19, 2014
(KFRG 95.1 FM & 92.9
FM, Public Affairs Program)*
*In this featured audio, RCTC's Executive Director, John
Standiford, is featured on KFRG's Public Affairs Program,
discussing the 91 Project
91 Freeway expansion to ease "Corona Crawl" (ABC7 News, December 11, 2013)
91 Freeway Expansion Project Breaks Ground in Riverside County
(KTLA5 News, December 11, 2013)
Groundbreaking Ceremony Initiates 91 Freeway Expansion Project
(NBC4 Los Angeles, December 11, 2013)