The Edinburg City Council has approved plans to issue $23 million in bonds to fund improvements to the city center. Council members have given the okay to issue $23 million in certificates of obligation that will be invested in downtown Edinburg.
Plans are to build a cultural, arts, and events center, and a parking garage, and to undertake a number of downtown revitalization and beautification projects. City Manager Ron Garza tells the McAllen Monitor the goal is to attract new kinds of businesses to the downtown square and to complement the new Hidalgo County Courthouse.
Garza says he doesn’t expect the bond issue to result in an increase in property taxes. A public hearing on the project has been set for August 17th.