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San Joaquin Hills Tollway

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CALIFORNIA | LOCAL
December 30, 1993 | JEFFREY A. PERLMAN, TIMES URBAN AFFAIRS WRITER
Fashioning a compromise on the sale of UC Irvine land for the San Joaquin Hills tollway, a judge Wednesday ordered additional environmental study but restricted its scope to only 1.7 acres now part of a campus ecological reserve. Orange County Superior Court Judge James L. Smith rejected a bid by tollway opponents to have the study look at the road's impact on the future of UC Irvine, including acreage to be sold for tollway use that is now vacant but outside the ecological reserve.
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CALIFORNIA | LOCAL
May 6, 2011 | By Nicole Santa Cruz, Los Angeles Times
Drivers on the San Joaquin Hills toll road through western Orange County could be paying tolls for an extra six years under a proposed agreement that would restructure about $430 million of its $2.1 billion in debt. The agreement is asking bondholders to lower payments for 13 years and restructure the way the agency pays interest on certain bonds. An agreement, which would push back the bond maturity dates by six years, to 2042, is expected in two weeks. "Basically … what we're trying to do is be proactive about the way we manage finances here at the agency," said Tom Margro, chief executive of the Transportation Corridor Agencies, which also operates the Foothill and Eastern toll roads, which includes a portion of the 133 Freeway.
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CALIFORNIA | LOCAL
December 20, 1991 | ERIC BAILEY, TIMES STAFF WRITER
Bowing to a judge's order, promoters of the San Joaquin Hills tollway on Thursday took a second look at the highway's expected environmental effects and decided they liked what they saw, voting to reaffirm their support for the 15-mile road. The unanimous decision by the Transportation Corridor Agencies board came despite the pleas of opponents challenging the $778-million project in court.
CALIFORNIA | LOCAL
June 30, 2004 | Dan Weikel, Times Staff Writer
An Orange County transportation leader who advanced the use of bond issues and public-private partnerships to finance new highways announced Monday that he will retire as chief executive of the largest toll road system in California. After 15 years with the Irvine-based Transportation Corridor Agencies, Walter D. Kreutzen said he will step down Nov. 1 to pursue other professional endeavors.
CALIFORNIA | LOCAL
October 24, 1991 | ERIC BAILEY, TIMES STAFF WRITER
A judge on Wednesday ordered authorities to review new air quality and wetlands studies of the San Joaquin Hills tollway before starting construction along the $778-million highway. Tollway boosters were optimistic that the decision would not disrupt plans to begin construction early next year, while opponents said they hope that the ruling will prove a formidable setback. Orange County Superior Court Judge James P.
CALIFORNIA | LOCAL
July 13, 1994 | FRANK MESSINA, SPECIAL TO THE TIMES
Environmental activists who had considered taking legal action instead conceded Tuesday that the San Joaquin Hills Transportation Agency is not violating a judge's order by resuming work here on a segment of a controversial toll road project. "We've got people with cameras out there photographing the site and running to the nearest Fotomat," said Robert King, a spokesman for the environmental group Save Our San Juan, also known as SOS.
CALIFORNIA | LOCAL
February 26, 1993 | JEFFREY A. PERLMAN, TIMES URBAN AFFAIRS WRITER
The agency overseeing Orange County's embattled San Joaquin Hills tollway project hopes to sell $1.1 billion in tax-exempt revenue bonds next week in the county's biggest-ever financing of a public works project. Officials at the San Joaquin Hills Transportation Corridor Agency said the bond sale will allow it to tell the contractor, California Corridor Constructors, to begin work by the end of March.
CALIFORNIA | LOCAL
April 28, 1997 | FRANK MESSINA, SPECIAL TO THE TIMES
Running late for an afternoon business appointment in Mission Viejo, Joseph Roth glanced anxiously at his watch and braced himself for the inevitable sea of brake lights at the dreaded El Toro Y. "I thought I was dead in the water as far as making my appointment," the Anaheim resident recalled recently as he stopped for gas. "Then I drove through the Y without even touching my brakes once. It was weird, it was kind of like the 'Twilight Zone.'
CALIFORNIA | LOCAL
January 26, 1995 | MARK I. PINSKY, TIMES STAFF WRITER
In the latest legal zigzag over the San Joaquin Hills Transportation Corridor, a federal appeals court ruled Wednesday that construction may continue, lifting its own earlier ban on the work. "This is wonderful news," said Lisa Telles, spokeswoman for the Transportation Corridor Agencies. "I can tell you that the plan right now is to look at the decision (today) and, with the rain, see what we can do. Obviously, with the rain you can't do a lot of work. Once it dries up, we will start working."
CALIFORNIA | LOCAL
December 9, 1993 | BOB ELSTON, SPECIAL TO THE TIMES
Saying he would ask the state attorney general to investigate, Assemblyman Gil Ferguson (R-Newport Beach) said Wednesday that he is not convinced it is legal to incorporate a stretch of Newport Coast Drive into the San Joaquin Hills Transportation Corridor. Ferguson acknowledged that he has no assurance that the attorney general will honor his request for an investigation into what amounts to "taking a public road and putting a toll on it."
CALIFORNIA | LOCAL
May 26, 2004 | Dan Weikel, Times Staff Writer
The last of three Wall Street ratings agencies on Tuesday downgraded to junk status $1.9 billion in bonds sold to build the faltering San Joaquin Hills toll road through western Orange County. Moody's Investors Service lowered its rating from Baa3 -- the lowest investment grade -- to Ba2, a non-investment grade. Moody's also announced that it would keep the San Joaquin Hills tollway on its watch list for possible additional downgrades.
CALIFORNIA | LOCAL
May 14, 2004 | Dan Weikel, Times Staff Writer
Plans to merge the operations of two Orange County toll roads and refinance them with a $4-billion bond issue died Thursday, leaving in doubt the future of one of California's first turnpikes -- a financially ailing route from Newport Beach to San Juan Capistrano.
CALIFORNIA | LOCAL
May 13, 2004 | Dan Weikel, Times Staff Writer
A controversial proposal to combine the operations of two Orange County toll roads and refinance their debt with a $4-billion bond issue faces possible defeat today after a last-minute political move to build support for the merger failed. If Transportation Corridor Agencies board members do not approve the consolidation or an alternative solution, the county's turnpike authority will remain without a plan to bail out the struggling San Joaquin Hills tollway in coastal Orange County.
CALIFORNIA | LOCAL
April 9, 2004 | Dan Weikel, Times Staff Writer
A decision to combine the highway operations of Orange County's largest toll road agency was postponed again Thursday, this time despite objections from board members who warned the delay might be a political move to give merger supporters time to purge opponents from the agency's board. The Transportation Corridor Agencies is considering ways to prevent the faltering San Joaquin Hills toll road from defaulting on $1.5 billion in bonds.
CALIFORNIA | LOCAL
March 2, 2004 | Dan Weikel, Times Staff Writer
A second Wall Street financial agency on Monday withdrew its investment ratings for a proposed $3.9-billion bond deal that is designed to keep Orange County's failing San Joaquin Hills toll road out of default.
CALIFORNIA | LOCAL
February 27, 2004 | Dan Weikel, Times Staff Writer
Seven new proposals for ending the financial troubles of the San Joaquin Hills toll road surfaced Thursday as directors of Orange County's largest turnpike authority continued their 20-month search for ways to prevent the highway from defaulting on its bonds.
CALIFORNIA | LOCAL
October 3, 1993 | LILY DIZON, TIMES STAFF WRITER
Years ago, when Pelican Hill Road was merely a line of broken dashes on a road map, the idea of paving it incensed some environmentalists because it represented the first blemish on the last undeveloped coastal land in Orange County. Now completed and renamed Newport Coast Drive, this 6 1/3-mile-long, county-owned highway that gently winds through rolling hills and newly developed landscape is once again catapulted into a heated debate.
CALIFORNIA | LOCAL
June 7, 1994 | DAVID HALDANE, TIMES STAFF WRITER
Eight Earth First! activists arrested last year for chaining themselves to bulldozers about to begin construction of the San Joaquin Hills tollway have promised not to do it again in exchange for a penalty limited to 10 days of community service and informal probation. According to the plea agreement reached Monday, one day before the case was to go to trial, the activists pleaded no contest to charges of trespassing and failing to disperse.
CALIFORNIA | LOCAL
February 21, 2004 | Dan Weikel, Times Staff Writer
A Wall Street rating agency on Friday withdrew its investment grade ratings of a proposed $3.9-billion bond deal that is designed to save the failing San Joaquin Hills toll road in west Orange County from default. Officials for Moody's Investors Service said they canceled the ratings because the Transportation Corridor Agencies has postponed a decision to merge the operations and finances of the San Joaquin Hills and the successful Foothill-Eastern tollway. On Feb.
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