ALAMEDA, Calif. — California’s Bay Area Toll Authority will hit the market next month with a hefty Build America Bond deal.

The taxable offering — carrying a new subordinate lien on toll revenues from seven state-owned bridges in the San Francisco region — is currently penciled in at about $1.5 billion, though that can easily be upsized if demand is there, said BATA chief financial officer Brian Mayhew.

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