| | | | | | | |
|
|
|
|
South Padre 2010 Top 10 Tax Payer Assets
1013 Views ::
4 Comments ::  :: South Padre Island |
South Padre's 2010 Top 10 Tax Payers Assets include the New Beach High-rises
The Island's New Beach high-rises have the biggest impact on the local economy and another 50 million is on the way for 2011 with Kirana's groundbreaking
Top Island Asset News for 2010
Second causeway to South Padre Island - The Cameron County Regional Mobility Authority (CCRMA) last October issued a “Request for Qualifications” (RFQ) in hopes of attracting private developers for a revenue sharing agreement for a public-private partnership.
- The partnership would be used to help fund the construction of a second causeway to South Padre Island and a toll road through West Brownsville and four other tollway projects in Cameron County – one of which is already underway.
- In addition to building a second South Padre Island causeway and the West Pkwy., the CCRMA is looking for private investment to build the proposed Outer Pkwy., which would give direct access road to the as-yet-nonexistent second causeway from US Expy. 77 north of Harlingen.
39-Story condo gets South Padre building permit- Kirana Management LLC has announced plans to build a 39-story condominium tower, making it the tallest building in the Rio Grande Valley.
- The Town of South Padre Island has already issued a building permit for Kirana Luxury Condominiums. Kirana’s building permit lists the value of the project at more than $51.8 million. Kirana is based in Monterrey, Mexico.
|
|
|
|
|
| Comments | |
bridge watcher @
Tuesday, January 04, 2011 7:12 AM | |
2nd bridge project is interesting. Government doesn't have enough money to build it, so they're fishing for private investment. Private investors need a toll bridge/road to make money on their investment. The only way island visitors will pay to bypass the existing causeway is if it provides a significantly easier path to the island, presumably bypassing Port Isabel. A bypass road/new causeway would be a monumental project, and Port Isabel would fight any attempt for tourists to bypass their town. I don't see much of a business case for investors to get involved in a new bridge/bypass project, does anybody else? Even if you lived in The Shores, how much would YOU pay to bypass Port Isabel, and get to the north end of the island quicker? Seems like a chicken-or-the-egg first situation. You need more development on the north end to justify a new causeway, but it doesn't pay to build a new causeway without more development. Given that hundreds of island properties are currently for sale, I don't see enough new development on the north end of the island to justify a new causeway for many years to come. The existing causeway can last at least a couple decades longer, if they maintain it well (and our mayors don't get the cops to stop traffic for a stupid photo op by literally shaking hands in the middle of the bridge, like they did last year.)
|
|
|
|
CNBC @
Thursday, January 06, 2011 11:31 PM |
What an easy life you real estate agents have! (grin).
from:
http://www.cnbc.com/id/40755359?slide=2
"Jobs you can do from the beach"
Real Estate Agent
Real estate can be done from absolutely anywhere, so why do it in a cold, windy city when you could do it wearing flip-flips and sunglasses?
Beach destinations are some of the most expensive real-estate markets in the world, from Malibu to the French Riviera. People will always want to buy real estate in these sun-drenched markets, so the work would be steady, and there’s a good chance you’ll boost your salary in the process.
On average, real-estate agents make $30,000 to $60,000, but depending on the market, you can make $100,000 or more, according to PayScale.com.
At the beach: Of course you’ll need to get licensed in that area, and you’ll need to get up from your beach chair to show properties, but your cold calls and online listings could all be managed using a cell phone and laptop.
|
|
|
|
tax payer @
Tuesday, January 18, 2011 10:12 PM | |
This month the State of Texas is currently facing a $27 billion dollar deficit. That works out to roughly $1000 for every man, woman, and child in this state. Since Texas can't print money like the Federal Government, a lot of state agencies are going to face the most serious budget cuts on record. Now you tell me how the state or county is going to come up with a few extra hundred million dollars to build a new causeway for SPI, especially when there is nothing wrong with the existing causeway. Or maybe there are some rich investors out there who have nothing better to do with their money then invest in a toll bridge, when the free bridge works just fine. |
|
|
|
Beach Sam @
Wednesday, February 02, 2011 5:31 PM |
The #1 asset of the island is the beach. If you're a property owner (or potential owner) concerned about the constant beach erosion, be assured that the annual pre-Spring Break beach renurishment project is currently underway. (Perhaps somebody can post some pictures of the dredge pipe already laid on the beach, to make the point?)
|
|
|
You must be logged in to post a comment. You can login here |
|
| | | | | | | |
|
|