Tag Archives: Housing Committee

MTC’s real estate deal likely legal but financially risky, says state auditor – Marin Independent

SACRAMENTO — The Metropolitan Transportation Commission’s use of $180 million in bridge toll money to buy a downtown San Francisco office building was likely legal but exposes taxpayers to unknown financial risk, concluded the state’s top auditor. The Bay Area … Continue reading

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MTC’s real estate deal likely legal but financially risky, says state auditor

SACRAMENTO — The Metropolitan Transportation Commission’s use of $180 million in bridge toll money to buy a downtown San Francisco office building was likely legal but exposes taxpayers to unknown financial risk, concluded the state’s top auditor. The Bay Area … Continue reading

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MTC Ignores Pending State Audit and Approves Real Estate Speculation Deal

The Metropolitan Transportation Commission (MTC), with a 10 – 6 vote decided to move forward with the $179 million acquisition and renovation of an office building in San Francisco.  MTC Commissioners immediately went into a closed door session and began … Continue reading

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