Toll Changes Coming To 125

LA MESA -- It is about to get a lot cheaper to travel the 125 tollway.

Tolls for the pay section of State Road 125 will decrease by up to 40 percent in some cases along the roadway that many have considered woefully overpriced since it opened.

Effective Saturday, June 30, the San Diego Association of Governments will cut the tolls along the road it recently purchased.

Savings for customers enrolled in the FasTrak electronic tolling system will be especially dramatic. New tolls will range from 50 cents to $2.75 for FasTrak users and from $2 to $3.50 for cash and credit card users. Current tolls are 85 cents to $3.85 for FasTrak users and $2.50 to $4 for cash and credit card users.

“We are following through with our promise to taxpayers to lower tolls on South Bay Expressway,” SANDAG Chairman and Encinitas Mayor Jerome Stocks said. “We are optimistic that lower tolls will draw traffic away from nearby congested arterial streets and Interstate 805, improving overall mobility in South Bay.”

The revamped toll structure was approved by the SANDAG Board of Directors on May 25, 2012. SANDAG acquired the lease to operate the toll road in December 2011.

As a public agency whose mission is to improve mobility in the region, SANDAG’s business approach is different from that of the previous toll road operator. The new toll schedule balances toll reductions against generating enough revenue to pay for operations and maintenance, debt service, future improvements, and contingencies.

What is still not known is what effect cheaper toll prices along the 125 will mean for La Mesa. Since that road was opened, morning and evening rush hours have worsened at the 125/I-8 Interchange as more motorists have used the route to travel from Eastlake to Mission Valley along I-8 and on to the Golden Triangle via the newly expanded 52.

Views: 44

Tags: La Mesa Today, La Mesa news, La Mesa traffic, SANDAG, South Bay Expressway, toll roads

Comment

You need to be a member of La Mesa Today - Community Website & Online Newspaper to add comments!

Join La Mesa Today - Community Website & Online Newspaper

HousingWire

Foreclosures Surge? Take a Closer Look

Source: Wall St. Journal

Claims regarding a new “surge” in foreclosures and bad debt appear to be exaggerated based on data from the Mortgage Bankers Association. The foreclosure picture is looking better, not worse, than it was one year ago. The share of loans in the foreclosure process during the July-to-September period fell to 2.4 percent of all loans, from 3.1 percent one year earlier.

Read the full story:

http://blogs.wsj.com/economics/2014/11/14/foreclosures-surge-take-a-closer-look/

Nine Reasons to Buy a House Right Now

Source: RealtyTimes

If you’re in the market to buy a home, then now might be the perfect time to seal the deal on your purchase, as there are several conditions working in the favor of home buyers. Firstly, gains in home prices have slowed down and mortgage rates historically remain low. Furthermore, loan requirements are softening, and with fewer buyers around the holidays, there could be less competition and more bargaining power for buyers.

Read the full story: http://realtytimes.com/consumeradvice/buyersadvice1/item/31618-20141117-nine-reasons-to-buy-a-house-right-now

_________________________

More Real Estate News

La Mesa Weather

La Mesa Photos

Loading…
  • Add La Mesa Photos
  • View All

La Mesa Member Videos

  • Add La Mesa Videos
  • View All

La Mesa TODAY is news intended to promote the betterment of La Mesa and its nearby neighborhoods. We want members who share this goal.

© 2014   Created by La Mesa Today.

Badges  |  Report an Issue  |  Terms of Service