The Offering
• The property is in a TIRZ (Tax Increment Reinvestment Zone)
• The developer will be eligible to receive reimbursements to recover the costs of public improvements such as streets, curbs, sidewalks, landscaping, water lines, sewer lines, signage, street lights, and related engineering and survey costs among others.
• Reimbursements from the TIRZ have the potential to be used as a credit enhancement or pledged as collateral for a bond offering to accelerate reimbursement of developer infrastructure costs.
• Maximum allowed reimbursement number approximately $60,000,000 to $100,000,000
• New eight-lane international bridge under construction for traffic November 2009
• Highway construction planned and funded
• New state of the art customs facility
• Competitive edge for international trucking routes to and from Mexico
• 2,200 acre industrial park on Mexican (Rio Bravo) side to be developed
• The new U.S. 281 Expressway will bisect 928 acres
• New “International Blvd” connecting to Highway 83 to be constructed
• 12 miles from McAllen International Airport,24 miles from Harlingen Airport, and 18 miles from Edinburg Airport
• “Crossing” at Donna will be quicker than competitive bridges due to state of the art toll system and separated traffic lanes
For pricing details, please contact agents.