DALLAS - Pharr, Tex., expects to sell up to $18 million of tax-exempt bonds late this year to build a toll bridge into Mexico that is expected to generate development and new cash for the city's budget.

City Manager Pete Sepulveda said the long-awaited bridge across the Rio Grande could be operational by January 1995 and is projected to generate up to $2.5 million a year in profits for the city's $10 million general fund budget.

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