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McAllen unveils $230 million plan for 70‑acre Buoy Reservoir mixed‑use development
Summary
City officials announced plans to redevelop the 70‑acre Buoy Reservoir site into a mixed‑use destination near McAllen International Airport, estimating roughly $230 million in private investment, construction and permanent jobs, and significant visitor spending; the announcement was a policy/marketing reveal, not a formal approval.
City of McAllen leaders announced plans to transform the 70‑acre Buoy Reservoir site into a mixed‑use development backed by an estimated $230,000,000 in private investment, city officials said at a press event in McAllen.
City Manager Isaac J. Tawil described the proposal as “a 70 acre destination” and said the project is designed to include a water attraction, condominiums, a full‑service hotel, an artisan retail village and supporting entertainment and commercial space. “Backed by an estimated $230,000,000 investment, this 70 acre destination defines McAllen's next chapter,” Tawil said.
Why it matters: city officials said the development is intended to boost regional tourism, expand lifestyle amenities and create jobs. The city provided economic estimates for both construction and ongoing operations as part of the…
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