Foothill/Eastern Transportation Corridor Agency Pays Down $60 Million in Bonds Early

March 4, 2018 As part of the Transportation Corridor Agencies’ (TCA) Strategic Plan, the Foothill/Eastern Transportation Corridor Agency (F/ETCA) has executed an early paydown of $60 million in senior lien bond debt. The early paydown of bond principal – bonds that were issued in 2013 and had a maturity date of 2042 – saves the Agency approximately $54 million in interest payments. The F/ETCA paid off the bonds with cash reserves when the bonds were callable after January 15, 2024. The Agencies plan by 2030 to pay down another $920 million of bonds early, saving an additional $806 million in interest. This future debt reduction, when combined with the current reductions of $1.389 billion, will collectively reduce debt by $3.1 billion. “Strong fiscal management is core to the Agencies’ past and future success,” shared Ryan Chamberlain, TCA Chief Executive Officer. “Protecting the ability to fund operations and capital improvement projects, while positioning the Agencies to take advantage of debt reduction and early paydown opportunities, aligns with the fiscal management objectives outlined in the Boards’ Strategic Plan.” The San Joaquin Hills Transportation Corridor Agency (SJHTCA) and F/ETCA are two joint powers authorities created to plan, finance, construct and operate the 420 lane miles that comprise the 73, 133, 241 and 261 Toll Roads. The Toll Roads have been providing a choice for drivers for more than 30 years and the tolls collected are used to repay the debt incurred to construct the system and fund on-going operations and improvements. The Toll Roads system, which represents 20% of Orange County’s highways, is the largest toll road network in California The Transportation Corridor Agencies (TCA) are two joint powers authorities formed by the California Legislature in 1986 to plan, finance, construct and operate Orange County’s public toll road system comprised of the 73, 133, 241 and 261 Toll Roads, which represents 20% of Orange County’s highway system.

OCBC installs new board members, honors four companies at annual dinner

More than 600 Orange County business and community leaders were on hand as the 2024 OCBC Board of Directors was installed at OCBC’s annual dinner on February 15 at the Disneyland Hotel in Anaheim. Outgoing 2023 Board Chair Jodi Duva of Cox Business, California, pictured in center, was honored for her leadership while incoming 2024 Board Chair Kevin Haboian of HNTB Corporation, pictured left, was welcomed.

OC United Way celebrates 100 years

Orange County United Way marks 100 years of service this year. The recently launched “Journey to 100” campaign highlights its three main initiatives, United for Student Success, United for Financial Security and United to End Homelessness, as well as its key service, 2-1-1 Orange County, which connects residents to community-based programs

Study finds Irvine Valley College has $611.8 million economic impact

A regional labor market study commissioned by the Orange County Regional Consortium underscored Irvine Valley College (IVC) as a robust economic engine in Orange County.

CHOC adds pediatric care network

CHOC’s recent addition of Oso Pediatrics expands the children’s hospital’s primary care network to 23 locations serving Orange and Los Angeles counties.

SoCalGas [H2] Innovation Experience tour

To mark the first anniversary of North America’s first-ever clean hydrogen powered microgrid and home, SoCalGas recently invited OCBC to tour the 2,000 square-foot [H2] Innovation Experience ([H2]IE) home in Downey.

Sixth affordable apartment community coming to Great Park Neighborhoods

FivePoint is celebrating the 10th anniversary of Irvine-based Great Park Neighborhoods by co-hosting events and promotions with community partners, and through a monthly storytelling series, “Irvine Inspired,” that highlights residents and milestones within the mixed-use community.

Big Brothers Big Sisters of OC and IE 2024 Mentors of the Year

Feb52024 Feb 5, 2024 Photo courtesy of BBBS   To mark National Mentoring Month, Big Brothers Big Sisters of Orange County and the Inland Empire (BBBS) announced its Mentors of the Year. 2024 winners include Community Program: Jennifer Arnoldt and Jazelle Lopez, and Chris Pyon and Angel Hernandez of Orange. High School Bigs Program: Ana Galvez, Buena Park high school and Alexander Dao, Oxford Academy. College Bigs Program: Vyianna Vargas, UCI. Workplace Mentoring Program: Ivy Goodman, The Walt Disney Company and Tyler Castro, Disneyland Resort. Through its community and school-based programs, BBBS offers professionally supported mentorship to youth facing adversity.  

Anaheim Transportation Network represented on national panel

Feb52024 Feb 5, 2024  Image courtesy of ATN   The CEO of Anaheim Transportation Network (ATN), Diana Kotler, will participate in the National Transit Advanced Technology Advisory Panel hosted by the Center for Transportation and the Environment (CTE) and Chicago Transit Authority (CTA) in Chicago, Illinois. CTE has been tasked by the Federal Transit Administration (FTA) to gain feedback regarding how customization and configuration impact the complexity and cost of bus procurements. The objective of the panel is to provide recommendations to the FTA to help streamline purchasing. ATN serves 9 million passengers annually in the greater Anaheim area with a fleet of nearly 100 electric and clean-fuel vehicles connecting residents to jobs and visitors to destinations. 

UCI 2024 Health Care Forecast Conference

Feb52024 Feb 5, 2024 Image courtesy of UCI   UCI’s Paul Merage School of Business Center for Health Care Management and Policy will be hosting its 2024 Health Care Forecast Conference on Thursday, February 22 in Irvine. The conference will present a near-term forecast of the health care economic and political landscape. Presentations will include an examination of recent Federal and California health policy developments, an industry market forecast, workforce, affordability, mental health, and changing business models. Registration and ticket prices now available.