The South Bayside Waste Management Authority (SBWMA), San Carlos, Calif., says it has closed the sale of $53.5 million in tax-exempt solid waste revenue enterprise bonds and paid off existing tax-exempt debt of $13.7 million. Net proceeds from the transactions, along with a $3 million loan from the City of Burlingame, will be used to transform the existing Shoreway Recycling and Disposal Center in San Carlos into what the authority is calling the “Shoreway Environmental Center, California’s Greenest Recycling Center and Transfer Station.” According to an SBWMA news release, from September 2009 through spring of 2011, a series of capital projects will be completed in its waste district, located south of San Francisco, including: The SBWMA says it also has sold its existing dual-stream recycling equipment to Oregon-based Far West Fibers for $250,000. “With financing secured, our old debt paid off and interim site operations initiated, we are off to a great start to fulfill our promise to deliver expanded and more convenient recycling and solid waste collection services for the 400,000-plus residents in our service area by Jan. 1, 2011,” says Kevin McCarthy, executive director of the SBWMA. The SBWMA owns the current Shoreway facility, which receives recyclables, organic materials, and solid waste collected in its service area. The facility consists of a permitted 3,000-tons-per- day solid waste transfer station and MRF. The SBWMA purchased the facility for $19.2 million from Allied Waste of San Mateo County in 2000. Formed in 1982, the South Bayside Waste Management Authority (SBWMA) is a joint powers authority of twelve member agencies in San Mateo County, Calif. More information about the authority can be found at www.RethinkWaste.org.