A stretch of Price Boulevard is closed to traffic Monday afternoon after a depression formed underneath the roadway. City officials say Price Boulevard is closed between Cranberry and Salford boulevards that runs over the McCaughey waterway. It's believed the depression developed after excessive rain fell over the weekend. The road will be closed until further notice, the city said in a news release. Traffic in the area is being detoured. MORE: https://www.wtsp.com/article/news/local/sarasotacounty/price-boulevard-closed-north-port-depression/67-04fbe6de-a5bf-4750-b615-062912ecd429 ►Subscribe: https://on.wtsp.com/youtube ►Website: https://www.wtsp.com/ ►Facebook: https://facebook.com/10TampaBay ►Twitter: https://twitter.com/10TampaBay