Takeaways by Bloomberg AI
- San Francisco Bay Area Transit District is selling $930 million of bonds to improve infrastructure and refinance outstanding debt.
- The proceeds from the sale are intended to help fund a $3.5 billion system renewal project that includes 90 miles of track upgrades and control system replacements.
- BART is looking for fresh funding sources, including a ballot measure in 2026 that would impose a new local sales tax, as it faces a projected annual budget deficit of $400 million.
One of California’s largest public transit systems is tapping the municipal bond market as it contends with a looming fiscal cliff created by dwindling federal aid and ridership that’s stuck at about half its pre-pandemic level.
San Francisco Bay Area Transit District is selling $930 million of bonds to improve infrastructure and refinance outstanding debt, according to bond documents on MuniOS. The deal is set to price for retail investors on Tuesday.
Bloomberg Markets
By Maxwell Adler and Sri Taylor
August 26, 2025