Toll agency ponders dollars for 281, 1604

By Vianna Davila, Express-News

Published 12:26 a.m., Friday, October 12, 2012

Despite a steady erosion of expected funding over the years, San Antonio’s tolling agency may have enough money to fund a toll system on Loop 1604 and U.S. 281, officials say.

The project would cost more than $700 million, which could be partly funded by $130 million the Alamo Regional Mobility Authority has in hand.

The RMA then could leverage that money in a couple of ways, officials said — for instance, by issuing toll bonds — to finish out the total project cost.