Sunday, August 12, 2018


DOWNTOWN IS MOVING AHEAD FAST FORWARD

A few months ago the BV announced by August we would have word on two big real estate deals.  Well this morning the Herald is reporting a company is actively working on the riverfront again.  It is too early to pop the champagne, but it has been formally announced as moving forward.

The BV for at least a year has been asking why the city and county are not seeking state and federal funds for the weir dam?  For now, to just back up enough water for Space X.  The two go together and Space X gives the state and federal government an incentive to help Brownsville. Since before Martinez was elected Mayor the first time, the BV criticized him for having no water policy, which is essential to development.  The city is still without a water policy.

THE BIGGEST ANNOUNCEMENT MAY HAPPEN LATER THIS MONTH OR EARLY SEPTEMBER

The deal is so big, it will change the landscape of downtown Brownsville.  The developer is smart and has kept very quiet except to a few people.  Real estate always involves a lot of difficult situations and variables.  This is why they are so quiet.  They want to close the deal and have title of the land and buildings before they announce.

CASA DEL NYLON

There are various people and entities looking at it.  The city just needs to drop the price and it will sell given the interest in its location.  It is the most prime real estate in  downtown Brownsville.  It is my understanding the city will require any buyer to redo the facade to match Market Square.  The city needs to understand they need to sell at a loss.  It is time to put the bad deal behind us, and turn it into a money maker for the city.  Property values in Market Square are going to go up which in turn increases property taxes for the city.  The new businesses bring in sales tax.  The city will make its money back in no time.

 I'm telling you if I had the money I would buy the empty Broadway building on 12th and Adams catty-corner from Dodici.  Even if I were to do nothing with it, in a few years I could flip it for a profit.

IT IS HAPPENING - BROWNSVILLE'S RENAISSANCE

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