Elected officials, transportation advocates and concerned residents gathered Monday morning at San Francisco Civic Center to decry the potential loss of a loan from Gov. Gavin Newsom they say would cripple Bay Area transit agencies in the near future.
Local lawmakers raised the alarm over the weekend after learning that Newsom could be backtracking on an agreement to provide a critical $750 million loan to help BART, Muni and other regional transit agencies sustain operations.
Sens. Scott Wiener, D-San Francisco, and Jesse Arreguín, D-Berkeley, said Saturday that the California Department of Finance had informed them that it would not finalize details of the loan before the end of the legislative session, essentially killing the funding…