San Mateo, California

Bay Meadows

DTA provided special tax consulting services to the City of San Mateo for the establishment of CFD No. 2008-1 (Bay Meadows).

The first series of bonds for this CFD were issued in January 2012, totaling $32 million, resulting in $24 million in construction proceeds. These proceeds will fund public infrastructure for the mixed-used development at the site of the former Bay Meadows thoroughbred racetrack, currently planned to encompass 1,171 residential units and approximately 810,000 square feet of commercial and retail space.

DTA has been retained by the City and will act as administrator to the City in connection with annual special tax levies, and as dissemination agent for the City under the continuing disclosure requirements.