Gov. Gavin Newsom said Wednesday that $750 million in state loans to Bay Area transit agencies will be finalized before the end of the legislative session on Friday, after a deal reached in June to create the funding looked to be breaking down.
BART, San Francisco Municipal Transportation Agency, Alameda-Contra Costa Transit and Caltrain were all banking on the money after a budget agreement in June indicated the money would be made available in time to hold off impending cuts.
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