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October 25, 2010 1:00 AM, EDT

ATA Seeks Financial Support for Capitol Hill Office

This story appears in the Oct. 25 print edition of Transport Topics.

PHOENIX — To pay down some of the debt incurred to build its new Capitol Hill office complex, American Trucking Associations is offering members the chance to purchase commemorative pavers on the building’s rooftop patio.

ATA Chief Operating Officer David Barefoot said the sale of the 142 pavers — each worth $15,000 — would raise about $3.7 million.

“From the perspective of ATA, it’s going to help pay down the loan of about $17.5 million, so this will pay down about $3.7 million of that,” Barefoot told Transport Topics.

“But even more important than that, really, it is a chance for the members to put their name on a very prominent piece of real estate on Capitol Hill,” he said.

The pavers will be installed on the roof of ATA’s refurbished Capitol Hill office, slated to open in 2011.

“Many a senator and congressman are going to be treading those pavers and reading those names,” Barefoot said, “and I think that’s a benefit to the members who want to be known by that crowd.”