Up, up, up! Edinburg construction hits $120MUp, up, up! Edinburg construction hits $120Mhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=15742015-03-04T14:02:00Z2015-03-04T00:00:00Z

EDINBURG - According to the Edinburg Economic Development Corporation, total construction in Edinburg in 2014 was $120.5 million.

This number does not include the ongoing and approved building of new facilities at UT-Pan American, which is valued at nearly $140 million.

Total construction in 2013 was $123 million, putting both years at the highest in the city’s history.

The figures are based on the value of work listed in the required building permits issued by the city’s Code Enforcement Department.

Mayor Richard García, who also serves as President of the Edinburg EDC, said additional construction projects are set to begin in 2015.

One project is the $55 million, 115,799-sf, 8,500-seat special events arena at the corner of I-69 Central and Alberta Rd. This will serve as the home for the Rio Grande Valley Vipers.

“An economic study conducted by The University of Texas-Pan American predicts a $45 million economic increase annually within the arena area, and $1.3 billion in economic benefits over the next 30 years in that region of our community,” said Garcia.

Valley Morning Star
http://www.valleybusinessreport.com/recent-news/edinburg-construction-at-120-5-million-in-2014/Read more at {Source}

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