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TAMPA HILLSBOROUGH EXPRESSWAY AUTHORITY

SELMON EXPRESSWAY FACTS
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DAILY TRAVELERS
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LOCAL INVESTMENT
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YEARS SERVING TAMPA BAY

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Latest News

MEDIA ALERTS

Media Alert

Public Notice
February 14, 2018 

***** PUBLIC NOTICE *****

The Tampa-Hillsborough County Expressway Authority (THEA)  Notice of Closed Attorney-Client Session

The Tampa-Hillsborough County Expressway Authority Board, pursuant to Section 286.011(8), Florida Statutes, will hold a Closed Attorney-Client Session, which shall commence at an open public meeting to be held on Monday, February 26, 2018, at 1:30 p.m., in the first floor Board Room of the Expressway Authority’s Administrative Office, located at 1104 E. Twiggs Street, Tampa, Florida, 33602.

Media Alert

Media Alert
January 3, 2018

Selmon Expressway Reversible Express Lanes Hours of Operation for Martin Luther King Day

On Monday, January 15, 2018, Martin Luther King Day, the Selmon Expressway Reversible Express Lanes (REL) will open westbound at its normal time of 6:00 a.m. At 10 a.m. the REL will be reversed eastbound and remain eastbound until Tuesday, January 16, 2018, 6 a.m. at which time the REL will resume normal operating hours.

Media Alert

Public Notice
December 21, 2017

***** PUBLIC NOTICE *****

The Tampa-Hillsborough County Expressway Authority (THEA) announces a public meeting/workshop to which all persons are invited.

DATE:             January 8, 2018

LOCATION:   USF Health CAMLS, 124 S. Franklin Street, Tampa, FL 33602                                2nd Floor Executive Board Room

TIME:               1:30 p.m.

PURPOSE:     THEA BOARD WORKSHOP

Media Alert

DRIVER ALERT!!!

December 12, 2017 - Tampa, Fla. – DRIVER ALERT!!! The Reverse Express Lanes (REL) will be CLOSED on Monday, December 18th, and Tuesday, December 19th from 10 am – 3 pm for testing of the CV Pilot infrastructure and in-vehicle equipment.

We apologize for the inconvenience.

To learn more about the CV Pilot, please visit https://www.tampacvpilot.com/.

For more information, call 813.272.6740 or email [email protected]

***** PUBLIC NOTICE *****

The Tampa-Hillsborough County Expressway Authority gives notice of its Series 2017B/C Bonds Pre-Closing Meeting where THEA Board Chairman and Secretary will be signing the bond documents.

Location: 1104 East Twiggs Street, Suite 300, Tampa, FL 33602

Date: Wednesday, December 20, 2017

Time: 1 pm

Media Alert

THEA Completes Bond Sale for Refinancing

December 11, 2017 - Tampa, Fla. – The Tampa Hillsborough Expressway Authority (THEA) is pleased to announce that it was able to sell $152 million of bonds to advance refund its outstanding Series 2012B Bonds which generated savings of over $15 million in debt service payments, as well as issue $36 million of bonds to fund two improvement projects in an attractive rate environment.

“This second bond issuance within a year shows the strength of THEA’s financial condition,” said Vince Cassidy, Chairman of THEA’s Board of Directors. “This transaction demonstrates the high level of confidence investors have with THEA’s cash flow, its leadership team and our community. Investor orders for this bond issue, and our Selmon Extension bonds earlier this year were significantly oversubscribed.” Cassidy continued.

In early November when the tax reform bill was released it included an elimination of advance refunding effective January 1, 2018. THEA reacted swiftly and prepared to complete the advance refunding by year end. On November 21st THEA presented to Standard & Poor’s (S&P) Global Ratings and on November 28th THEA presented to Moody’s Investors Service (Moody’s). On December 5th, THEA received rating confirmations of “A+” from S&P and “A2” from Moody’s. The ratings reflect THEA’s historical and projected strong debt service coverage resulting from continued revenue growth.

“THEA is always looking for opportunities to take advantage of the market and being able to capture nearly 11% debt service savings through an advance refunding, obtain new money at very low rates, and still maintain a high debt service coverage ratio is an accomplishment that bolsters THEA’s capital management program” stated Amy Lettelleir, THEA’s Chief Financial Officer.

Proceeds from this bond sale will provide funds that enable the acceleration of the South Selmon Expressway Improvement Project and the Meridian Ultimate Improvement Project, both are vital to THEA’s commitment to provide safe and reliable transportation services to the Tampa Bay community.

For more information, call 813.272.6740 or email [email protected]

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