The fate of the Great Platte River Road Archway has been decided.
A bankruptcy judge ruled Wednesday that the financially embattled archway that stretches over Interstate 80 just east of the Kearney interchange will pay bondholders and creditors a small portion of the amount owed.
In turn, they can keep their doors open. In March, the facility filed for bankruptcy protection and has since worked to figure out a way to stay open.
The archway must pay $100,000 to settle the more than $20 million owed to bondholders, creditors and vendors.
But thanks to community pledges, archway officials have that money on hand.
"We are pleased as we can be today for saving the archway. We have to roll up our sleeves and make sure we've saved it and keep it open and running," said President of the Archway Joel Johnson.
The Archway has seen declining visitor numbers in recent years, but officials say they've seen an 11 percent increase in visitors since the opening of the new Cherry Avenue I-80 exit.