City seeking $191M state loan to cover costs of caps and stitch for I-35 - Austin Monitor
Briefly

The city will turn to a state loan program as a major source of the funding for the more than $500 million cost of constructing caps and a stitch over Interstate 35...
Kim Olivares, deputy chief financial officer, said the TIFIA loan would require a bond election to secure the needed funding, but the SIB loan would be much easier to secure with no closing costs and an interest rate around 3.5 percent...
Read at Austin Monitor
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