Toll company that operates part of SH 130 files for bankruptcy protection
A private company that operates the southern portion of SH 130 southeast of Austin filed for Chapter 11 bankruptcy protection March 2. The SH 130 Concession Co. LLC will work with lenders and address its outstanding debt of about $1.7 billion, which includes principal and interest, according to a news release. The concession company aims to have a financial resolution in the coming months. “The filing will have no financial impact on the state of Texas,” said Alfonso Orol, CEO of the SH 130 Concession Co., in a news release. “It’s business as usual for our customers, employees, vendors and surrounding […]
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Source: Community Impact- Round Rock