America’s “Boom Town” Booms Even More - Anzalduas International Bridge Spurs Economy in Mission, Texas
Construction for America’s newest crossing into northern Mexico, the Anzalduas International Bridge, is officially underway. The Texas border cities of Mission, McAllen and Hidalgo, plus Mexico’s fastest growing border city, Reynosa, Tamaulipas have been planning the project for more than 14 years.
Plans to construct the U.S. side are scheduled to commence this summer, with completion of both sides scheduled for June 2009. Anzalduas will connect the two fastest growing cities on the U.S./Mexico border – Mission and Reynosa.
The Mission-Reynosa area boasts one of the fastest growing economic zones in the country. Fueled by its increasing number of manufacturing and industrial facilities, Mission’s Market Profile reports few areas are generating as much horsepower as Mission/Reynosa, with construction of commercial and residential developments on a steady rise.
With the scheduled completion around the corner, Anzalduas is expected to further boost the economic structure in Mission, overall enhancing the quality of life for its residents.
However, Mission is already experiencing a faster economic growth than any other border town between U.S. and Mexico. In the past 10 years Mission has seen their sales tax revenue nearly double, attracting Fortune 500 companies like Panasonic, Tractor Supply & Co. and Black & Decker.
A new 37.72 acre retail development anchored by the newly opened Target and H-E-B Plus Grocery, is set to be completed this summer featuring stores like T.J. Maxx, Ross Dress for Less, Office Depot, Petco, Chili’s and more.
In addition, at least a dozen new subdivisions, schools and businesses are expected to be completed within the coming year. High-end subdivisions like Bentsen Palms, Sharyland Plantation and Mission San Patricio are sprouting throughout the city. These housing subdivisions feature homes ranging from $80,000 to almost $1 million per home and are expected to be completed by the end of the decade, with overall population in the Mission-McAllen MSA approaching more than one million.
“It’s exciting just to be here and see first hand the amazing pace of development and growth of Mission,” said Pat Townsend, Jr. President/CEO of the Mission Economic Development Authority. “New projects are consistently underway, making Mission a very attractive destination city to relocate.”
The Mission-McAllen MSA is also recognized by leading business magazines. In 2006, Fortune Magazine named the Mission-McAllen MSA the best place to buy real estate in the nation. The magazine also said the median home price in the area is expected to rise 8.5 percent during 2007 and 9.8 percent the following year, making McAllen-Mission the fastest growing home market in the nation. Inc. Magazine named the Mission MSA among the top 5 boomtowns in the nation.
“Mission is one of the best places in America to live and do business,” added Townsend. “The new bridge (Anzalduas) will only add to our already thriving economy.”
- Contact Information
- Maritza Cantu
- MPC Studios, Inc.
- Contact via E-mail
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.