9/4/25 SCCRTC P7a - Measure D Active Transportation Expenditures and Financing

Options Summary

Overview

• Measure D active transportation projects are progressing faster than pay-as-you-go funding allows, necessitating new financing options.
• Over $150 million in state and federal funds have been leveraged for the coastal rail trail.
• Recent project completions include segment 7 to the Santa Cruz Wharf and new funding for segment 12.
• Cost estimates have increased due to material and escalation costs, creating a significant funding gap.
• Three financing scenarios were presented, with borrowing needs ranging from $12.5 million to $55 million.
• The commission will revisit reco ...