The toll road was foreclosed on late in 2003, and was auctioned off on the steps of the Webb County courthouse January 6, 2004. It was purchased by its main creditor, the John Hancock Life Insurance Company, for the minimum $12 million, 1/6 of the construction value. The only other bidder was the Texas Department of Transportation at $11 million. The route was subsequently closed to all traffic. On May 27, 2004, TxDOT purchased the route from John Hancock for a negotiated $20 million, and reopened the route in September, dropping the toll to $2 toll for cars and $2 per additional axle.