Friday, May 13, 2016

Reprint of Our 9/21/15 Article on Sam Marasco's Proposal to the GBIC to Promote North Brownsville Industrial Park

John Villarreal, Sam Marasco,  Jason Hilts
The North Brownsville Industrial Park, $4.2 million spent, 73 acres, 11 sites with full utilities, last saw action at its ribbon-cutting four years ago. It sits idle, unused, unwanted, another GBIC failure reminiscent of Titan Tire. Knowledgeable truckers, either loading or unloading in Brownsville, frequent it as a free overnight stop, before moving on down the road.

Enter Sam Marasco of LandGrant Development, a lawyer with a lapsed law license, but a ton of real estate experience and tangible results in large scale commercial real estate projects on the border with $400,000,000 capitalization, introduced by BEDC Director Jason Hilts during Agenda item #3 at Monday's GBIC Board Meeting.



GBIC Board Meeting, 9/21/2015
Marasco, said to already be working on a downtown mall in Brownsville, is intrigued by the industrial park. He wants assurance from the GBIC, that if he spends time and money attracting vendors, doing a feasibility study, he will be given "exclusivity and confidentiality" until he and the board can agree on a contract to move forward.




Las Americas Outlet Mall, San Ysidro, CA

2 comments:

  1. I believe we will be seeing Marasco sueing the city before too long.

    ReplyDelete
  2. I believe we will be seeing Marasco sueing the city before too long.

    ReplyDelete

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