Commentary
There are behind-the-scenes stories that the public rarely sees, but the actions have significant consequences.
At the time of Southern California’s Orange County Chapter 9 bankruptcy, despite the national attention focused on this fiscal fiasco, the two joint Orange County Transportation Corridor Agencies (TCA) successfully sold bonds to build the San Joaquin and Foothill/Eastern toll roads.
The reason for the dual agencies is that when this entity was initiated, one Orange County supervisor wanted his own agency, as did another. Such is the joy of parochialism in the political world.
Over time, the Foothill/Eastern Agency (241) would do fine. But the San Joaquin (73) would not….