The Expansion of Loop 49

LONGVIEW – The North East Texas Regional Mobility Authority will soon be in a position to issue bonds for the expansion of Loop 49. At a meeting in Longview, the panel said they will soon be able to issue $225 million in bonds to expand the toll road from Interstate Highway 20 to U.S. Highway 69 north of Lindale. A committee will be meeting next week with bond houses in New York in preperation for a loan, which includes $60 million to repay the deby to the Texas Department of Transportation. Interim Executive Director Everett Owen told the Longview News Journal, this would put them out of debt with TxDOT and they could fix a price on the bonds by May 24 and close on the package by June 16.