Nathan Gogo here with the weekend outlook: More sunshine with warm and breezy conditions in store of Sunday. A cool Sunday night expected with clear skies and low's near 50.
SAN ANTONIO (April 7, 2013_--Texas 130, a toll road whose 85-mile-per-hour speed limit is the fastest in the country, has drawn about half the number of drivers expected in its first months of operation and
Moody's Investor Service says that performance is poor enough that the private company that built it faces a downgrading of its credit rating.
State figures obtained through the state open records law show the toll road generated almost $2.6 million in revenue in the first six weeks after it opened, the San Antonio Express-News reported.
Moody's says its operator, the SH 130 Concession Co., must raise toll revenue or face a tough time making future debt payments.
The 41-mile stretch links from Mustang Ridge through Travis, Caldwell and Guadalupe counties to Interstate 10 near Seguin and is an extension of the Texas 130 toll road, which connects Georgetown to south Austin.
It opened in October.