Weslaco EDC Board Returns from ICSC Convention
WESLACO – Weslaco Economic Development Corporation board members and executive director recently returned from the International Council for Shopping Centers real estate convention held in Las Vegas with a positive outlook for the future of the community.
It is the largest convention of its kind where retailers, developers, public entities and related businesses are able to interact with each other to promote their businesses and geographical areas. The convention is held yearly in Las Vegas as its convention center is one of a few that can hold an event of this magnitude where the entire center is filled with exhibits and classrooms.
The Weslaco contingency was able to compare and contrast our regional economy with the rest of the country. Hernan Gonzalez, Executive Director of the Weslaco EDC said they came back to Weslaco feeling fortunate to live in Texas, especially the Valley. “We are in a very attractive area for developers and real estate brokers who are working on many projects for 2011 and 2012,” he said.
The sessions at the convention included opportunities for public bodies to learn the complexities of the retail deal making. Successful communities are those that work diligently to clean up and develop a mindset that they need to be very efficient customer service oriented municipalities. Building new retail development areas are very expensive for the developers. Communities are competing for the developments and need to do away with inefficiencies that will cost the developers additional money in the long run. The developers will choose to build elsewhere if the city government’s laws and restrictions are inefficient and don’t foster growth for the community.
President of the Weslaco EDC Board of Directors, Mike Givilancz, attended the convention coming home with stronger convictions in how the EDC and City of Weslaco need to work together in a very cohesive manner. Strong and open communication is a key component of the success of a community he said, adding “We need to work together for the benefit of the community and never for the benefit of one’s self.” Infrastructure needs to be provided by the government to attract the developers to build in Weslaco, providing jobs and increasing our tax base.
The keynote speakers for the convention included Robert Reich, the nation’s 22nd Secretary of Labor and professor at the University of California at Berkeley, and Blake Nordstrom, President of Nordstrom Department Stores. Reich spoke about the changing economic environment and how it is affecting developers across the nation while Nordstrom spoke from the retailers’ point of view and what they look for in developers and communities.
In addition to Gonzalez and Givilancz, the other Weslaco EDC Board members who attended were Letty Aleman, Johnny Bautista and Joe Olivarez. A local commercial real estate professional, Randy Summers also attended the convention. Summers, Vice President/Sales Manager of Davis Equity Realty attends the conference annually, returning this year feeling more optimistic than he did after the 2009 convention. “It was a good feeling coming back to Weslaco with deals in the works for 2011 and 2012 – a definite change from last years’ conference,” stated Summers. Conduits like finance companies starting to free money to lend developers have a positive impact both psychologically and in reality. Retailers, developers and commercial real estate professionals are preparing for the economy to turn around. Summers added, “The Valley is on the radar of a lot of companies wanting to expand and we are prepared to help them make it happen.”





