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Edinburg EDC Director Agustín García, Jr. reports that city’s strong economic growth and local governments’ financial integrity help community qualify for one of nation’s best bond ratings for investors

Image Courtesy RGV FC TOROS

Featured: An artist’s rendition of the 9,700-seat RGV FC Toros Stadium, located on 1616 South Raúl Longoria Road in Edinburg, one of many symbols of economic growth in the city. On Thursday, July 21, 2016, a press conference will be held beginning at 9 a.m. at the amphitheater, located on the park side of the professional sports complex, to announce the naming rights for the venue.

Image Courtesy RGV FC TOROS

The city’s continuing strong economic growth and the strategies by its elected leaders to protect taxpayers and manage public funds have resulted in one of the nation’s best bond ratings for investors, sending a strong message nationwide that the future remains bright for people to live, work and do business in Edinburg. The ratings, which were released on Monday, July 11, 2016, focused on several bonds previously issued by the city and the Edinburg EDC. Fitch Ratings upgraded those bonds to “AA”. “The improved ‘AA’ ratings mean that the Mayor, City Council, and Edinburg EDC Board of Directors, through their policies and actions, continue to demonstrate their excellence in helping shape an economy that means more good-paying jobs, a great environment for businesses of all sizes, and a high quality of life for our community,” said EEDC Executive Director Agustín García, Jr.

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$29.1 million Legends Edinburg off-campus student luxury apartments complex, designed for UTRGV community, has begun construction for Fall 2017 opening, announces Edinburg EDC

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Featured: Artist’s rendition of a segment of Legends Edinburg, a 310,680 square-foot upscale student residential complex, the latest multi-family community that is coming to the city as a result of the continuing growth of both Edinburg and The University of Texas Rio Grande Valley, including its new medical school. The School of Medicine will open for the Fall 2016 semester.

Rendition Courtesy DOMUS DEVELOPMENT, LLC

Construction has begun on a $29.1 million luxury, off-campus community designed to serve The University of Texas Rio Grande Valley in Edinburg, and which will bring 588 beds to the market, the Edinburg Economic Development Corporation has announced. Legends Edinburg is located near the corner of Chapin Street and Sugar Road, just 1/10 mile from the Edinburg campus. Legends Edinburg will be ready for move in for Fall 2017, according to Domus Development, LLC, the owner of the complex, which will feature one-, two- and four-bedroom units.

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Football, nation’s most popular college sport, has potential to increase UTRGV enrollment and revenue, and unify athletics and academics, say committee leaders Mack Brown and Oliver Luck

Photograph By JÉSICA GONZÁLEZ

Featured, from left: Mack Brown, former football Head Coach of the Texas Longhorns, and Oliver Luck, Executive Vice President of Regulatory Affairs for the NCAA, accompanied by Manny Mantrana, Head Coach of the University of Texas Rio Grande Valley baseball team, on Thursday, May 19, 2016. Brown and Luck participated in throwing out the ceremonial first pitches at UTRGV Baseball Stadium in Edinburg.

Photograph By JÉSICA GONZÁLEZ

Mack Brown and Oliver Luck, two national college and professional sports figures, are helping guide a special football feasibility study committee, organized by Dr. Guy Bailey, UTRGV President, and Chris King, UTRGV Director of Athletics, which held their first session, behind closed doors, to meet with and hear from the UTRGV leadership and the blue-ribbon group that will have a major say on the prospects for a NCAA college football team for the university.

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Executive Director Gus García reports favorable independent audit for Edinburg Economic Development Corporation

Photograph By DIEGO REYNA

Featured: Agustín “Gus” García, Jr., Executive Director, Edinburg Economic Development Corporation, on Friday, September 25, 2015, participates in a panel discussion during the Inno’2015 Transportation Innovation Conference sponsored by South Texas College at its Technology Campus Atrium in McAllen.

Photograph By DIEGO REYNA

The financial statements and practices of the Edinburg Economic Development Corporation meet the highest standards that help ensure citizens and the public that the EEDC is properly managing its programs and services, according to an independent audit released on Tuesday, March 22, 2016. The EEDC, which is led by Executive Director Agustín “Gus” García, Jr., is the jobs-creation arm of the Mayor and Edinburg City Council. The audit, which is required by state law, was conducted by Noel Garza, CPA, who has been under contract with the EEDC for the previous five years to perform the financial review. His detailed work, which is available by requesting a copy from the EEDC, covers the fiscal year 2014-2014 activities of the EEDC.

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Edinburg gives initial approval to provide a maximum of $30 million – to be spread out over up to 30 years without raising city property tax rate – to help in the construction of $150 million Hidalgo County Courthouse

Photograph By MARK MONTEMAYOR

Featured, from left: Precinct 1 Hidalgo County Commissioner A.C. Cuellar, Jr. of Weslaco; Hidalgo County Judge Ramón García; Mayor Richard García; Councilmember J.R. Betancourt; and Mayor Pro Tem Richard Molina. This image was taken on Tuesday, March 8, 2016 in the Council Chamber of Edinburg City Hall.

Photograph By MARK MONTEMAYOR

The Mayor and Edinburg City Council on Tuesday, March 8, 2016, gave their initial approval to provide a maximum of $30 million – to be spread out over up to 30 years and without raising the city property tax rate – to help in the construction of a $150 million Hidalgo County Courthouse, the Edinburg Economic Development Corporation has announced. If all goes as planned by the county, construction on the courthouse may begin near the end of this year, if weather permits. The county anticipates a completion date of October 2018. The action took place following a 2 p.m. joint work session with the Hidalgo County Judge and Hidalgo County Commissioners Court, held in the Council Chamber of Edinburg City Hall, and sets into motion a plan that will eventually lead to the construction of a state-of-the-art judicial center, which will be located in downtown Edinburg, next to the current county courthouse complex.

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