Posted: Jun 15, 2013 11:20 AM
Updated: Jun 15, 2013 11:21 AM
DONNA, Texas (AP) A South Texas city is looking to sell part of an international bridge it built after projected revenue from the structure has failed to come through.
The Monitor of McAllen reports (http://bit.ly/16rwxBF) that officials in Donna voted on Friday to approve a contract with a consultant to negotiate a sale of the bridge between the city and Hidalgo County.
Donna took out a $30 million loan to build the bridge, which was completed in December 2010.
But low traffic combined with Donna's inability to convince the federal government to build an inspection facility for commercial trucks have created financial turmoil for the city.
It's unclear at this point whether the city would sell a majority of the bridge or how much of its debt Hidalgo County might take over.
Information from: The Monitor, http://www.themonitor.com