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Bay Area Council Releases Statement on Bay Bridge Bill Signing by Governor Schwarzenegger.


OAKLAND, Calif. -- Today, Jim Wunderman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of the Bay Area Council, and an attendee of the bill signing ceremony A signing ceremony is a ceremony in which a bill passed by a legislature is signed (approved) by an executive, thus becoming a law.

Modern-day signing ceremonies are derived from ceremonies that occurred when the British monarch gave Royal Assent to acts of Parliament.
 in Oakland, released the following statement regarding Governor Arnold Schwarzenegger's signing of the Bay Bridge financing Bridge Financing

A method of financing, used by companies before their IPO, to obtain necessary cash for the maintenance of operations.

Notes:
These funds are usually supplied by the investment bank underwriting the new issue.
 bill, AB 144.

"Today ends the latest and hopefully final battle over the San Francisco-Oakland Bay Bridge San Francisco–Oakland Bay Bridge, double-decked structure, W Calif.; built 1933–36. It has a total length of 8.25 mi (13.2 km). From San Francisco it crosses the bay to Yerba Buena Island, where a tunnel connects with spans leading to Oakland and Berkeley. . Of course, this doesn't just mark the end of another political battle, today should also be viewed as a sign that in California we can still work together to create magnificent structures that inspire humanity and remind us of our better natures.

"There are many lessons to learn from this still incomplete project, but chief among them is that delay is the enemy of this bridge. Few examples prove, with such flawless clarity, that time equals money.

"Therefore -- to verbalize the collective frustration in the Bay Area and statewide -- let's erect this bridge with all haste before the Big One strikes.

"I congratulate Governor Schwarzenegger and Senate President Pro Tem president pro tem  
n. pl. presidents pro tem Informal
A president pro tempore.
 Don Perata Don Perata (born April 30, 1945) is a California Democratic politician, who is the current President pro tempore of the California State Senate. He was elected to the post of President Pro Tempore in 2004.  for reaching a deal on this project in the interest of moving forward. The resolution of the seemingly intractable intractable /in·trac·ta·ble/ (in-trak´tah-b'l) resistant to cure, relief, or control.

in·trac·ta·ble
adj.
1. Difficult to manage or govern; stubborn.

2.
 Bay Bridge fiasco inevitably raises the prospect of reaching compromises on other major concerns in California.

"In the Bay Area, with the Bay Bridge behind us, we can finally move on to the more important issues surrounding transportation in our region, such as repairing and expanding our transportation system to meet the region's growing needs. The Bay Area Council looks forward to driving this agenda with the support of key government leaders."

Bay Area Council

Founded in 1945, the Bay Area Council (www.bayareacouncil.org) develops and drives regional public policy initiatives and critical infrastructure issues. Led by CEOs, the Bay Area Council presents a strong, united voice for more than 275 of the largest employers throughout the Bay Area region in promoting economic prosperity and quality of life. Jim Wunderman has served as president and CEO of the Bay Area Council since April of 2004.
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 18, 2005
Words:331
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