
Cameron County voters to decide arena proposal for a third time
Apr. 17—Cameron County is taking another shot at getting its own 10,000-seat multi-purpose arena, and officials are hoping that voters this time around will approve a proposition on the May 3 ballot that would allow the county's existing venue/visitor tax revenue to be used for the purpose.
Similar propositions were voted down in November 2021 and May 2022, although voters in 2016 approved a proposition allowing such revenue — generated by Hotel Occupancy Taxes and taxes on car rentals in the county — to be used for improvements to Isla Blanca Park and construction of the South Texas Ecotourism Center.
This time, the political action committee Cameron County Now is leading the charge to get the word out, in part through the PAC's "Vote for the Venue" advertising campaign.
Sara Marie Ridley, coordinator of Cameron County Now and its ad campaign, said the latest bid to finally get "Proposition A" over the finish line is using more of a targeted approach compared to the previous attempts.
"We have gone and found the group of voters who always come out in May elections, rain or shine, and we're trying to educate them better on the issue, knowing that they're the people who are going to show up," she said. "So instead of trying to put a lot of information out to a massive amount of people, we are trying to take a better, more precise message to a smaller group of people. That means likely voters in odd-year May elections."
Ridley said it was also revealed that many voters weren't necessarily opposed to an arena, they just didn't have a reason to care. One thing that has changed since the previous two votes is the University of Texas Rio Grande Valley's decision late last year to move Brownsville campus graduation to Edinburg, Ridley noted.
Discussions between city and county leadership and UT officials about moving graduation back to Brownsville have borne fruit, which could cast the ballot question in a new light for some voters, she said.
"What we found, the usage of the arena that people were most interested in were graduations," Ridley said. "The fact that (UTRGV) and (Texas Southmost College) and the area high schools would now have a place that was both indoors and not a football field in the middle of June, and is big enough to hold these types of events where students weren't going to be limited to four tickets per family."
That issue is important to families, as opposed to having a venue that can draw major concerts and other events, she said. Ridley doesn't think the graduation aspect was articulated well enough the first two times around.
The cost of building the arena is estimated at between $175 million and $250 million.
According to the Proposed Cameron County Multi-Purpose Arena Market & Financial Feasibility Study, which was published in January, the facility would have "total fixed capacity" of 10,070 fixed seats and total capacity of 12,070.
The arena would anchor the Madeira mixed-use residential-commercial development, which just held its grand opening March 24. Madeira is located just off I-69E halfway between Brownsville and Harlingen, phase one of the development encompassing 100 acres.
The Brownsville City Commission in March endorsed construction of the arena as a "quality-of-life project and catalyst for economic development to meet the region's needs for entertainment, sports and community events."
Describing herself as a "professional politico" who runs ballot initiatives around the country, Ridley said the only way ballot initiatives succeed is when the positive local impact is made clear.
"It seems very simple," she said. "But if you cannot articulate the way a family whose been in Brownsville for generations should care about an arena — they can go to a concert. They'll go to San Antonio. That doesn't matter to them.
"But when you get to tell Grandma that she gets to see her first generation college student graduate, and she can do it indoors and it doesn't matter if it's raining, that actually means something to folks. I think that's the chord we're trying to strike, and let folks know that there really is a local benefit to this, not to mention the tax revenue and all of that."
Featured Local Savings
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Knorr-Bremse (ETR:KBX) Could Be Struggling To Allocate Capital
If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Having said that, from a first glance at Knorr-Bremse (ETR:KBX) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. To calculate this metric for Knorr-Bremse, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.12 = €773m ÷ (€9.7b - €3.4b) (Based on the trailing twelve months to March 2025). Therefore, Knorr-Bremse has an ROCE of 12%. In absolute terms, that's a satisfactory return, but compared to the Machinery industry average of 8.6% it's much better. See our latest analysis for Knorr-Bremse In the above chart we have measured Knorr-Bremse's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Knorr-Bremse . When we looked at the ROCE trend at Knorr-Bremse, we didn't gain much confidence. To be more specific, ROCE has fallen from 23% over the last five years. However it looks like Knorr-Bremse might be reinvesting for long term growth because while capital employed has increased, the company's sales haven't changed much in the last 12 months. It may take some time before the company starts to see any change in earnings from these investments. Bringing it all together, while we're somewhat encouraged by Knorr-Bremse's reinvestment in its own business, we're aware that returns are shrinking. And investors may be recognizing these trends since the stock has only returned a total of 3.8% to shareholders over the last five years. Therefore, if you're looking for a multi-bagger, we'd propose looking at other options. If you want to continue researching Knorr-Bremse, you might be interested to know about the 1 warning sign that our analysis has discovered. For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Yahoo
The Returns At Dialight (LON:DIA) Aren't Growing
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. However, after investigating Dialight (LON:DIA), we don't think it's current trends fit the mold of a multi-bagger. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Dialight: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.036 = US$2.8m ÷ (US$133m - US$56m) (Based on the trailing twelve months to September 2024). Thus, Dialight has an ROCE of 3.6%. In absolute terms, that's a low return and it also under-performs the Electrical industry average of 13%. Check out our latest analysis for Dialight Above you can see how the current ROCE for Dialight compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for Dialight . We've noticed that although returns on capital are flat over the last five years, the amount of capital employed in the business has fallen 35% in that same period. This indicates to us that assets are being sold and thus the business is likely shrinking, which you'll remember isn't the typical ingredients for an up-and-coming multi-bagger. In addition to that, since the ROCE doesn't scream "quality" at 3.6%, it's hard to get excited about these developments. Another point to note, we noticed the company has increased current liabilities over the last five years. This is intriguing because if current liabilities hadn't increased to 42% of total assets, this reported ROCE would probably be less than3.6% because total capital employed would be 3.6% ROCE could be even lower if current liabilities weren't 42% of total assets, because the the formula would show a larger base of total capital employed. Additionally, this high level of current liabilities isn't ideal because it means the company's suppliers (or short-term creditors) are effectively funding a large portion of the business. In summary, Dialight isn't reinvesting funds back into the business and returns aren't growing. And in the last five years, the stock has given away 63% so the market doesn't look too hopeful on these trends strengthening any time soon. Therefore based on the analysis done in this article, we don't think Dialight has the makings of a multi-bagger. One more thing to note, we've identified 2 warning signs with Dialight and understanding these should be part of your investment process. If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Yahoo
Former Mayor Eric Adams adviser is key force behind super PAC boosting Cuomo with unprecedented cash in NYC mayor's race
NEW YORK — The main super PAC boosting Andrew Cuomo's mayoral run has given the ex-governor a financial edge that's tough for his opponents to compete with, and a key architect of the spending strategy is Meaghan Brown — a prominent player who left Mayor Eric Adams' administration early this year, the Daily News has learned. Brown joined the pro-Cuomo PAC, Fix the City, as its chief operating officer upon its launch in late February, weeks after resigning from Adams' administration. As part of her new that role, a source said, Brown has devised and overseen all day-to-day activities of the PAC, which is raising and spending unprecedented amounts of money to support Cuomo's mayoral bid. Under Adams, Browns served as chief operating officer of his 2021 transition committee before joining his administration as its chief of external affairs. In that post, Brown was one of the mayor's top liaisons to private sectors like real estate and finance. According to reviews of public disclosures, executives in those same business sectors have contributed more than half of the nearly $14 million Fix the City has raised to date under Brown's stewardship. That's the largest amount of cash ever pulled in by a PAC for a single New York election. Fix the City has emerged the single biggest spender of the city's 2025 election cycle — a development raising alarm from government ethics watchdogs. Filings show the PAC had as of earlier this week already spent more than $8.5 million on airing ads and sending out mailers plugging Cuomo's bid to become mayor and attacking his top opponent, Zohran Mamdani. That means the PAC has shelled out more than any of the candidates in the June 24 Democratic mayoral primary can legally spend on their own, as they're constrained by the $7.9 million campaign cap. That gives an undeniable financial upper-hand to Cuomo, who's consistently polling as the favorite. And Fix the City is likely to only keep spending to promote Cuomo's candidacy in the final days of the race, as it had raised more than $13.7 million as of Friday morning, with more donations coming in daily. By law, the PAC can raise and spend as much as it wants — without any limits on how donors can give — as long as it doesn't coordinate any political activities with Cuomo's campaign. 'It's absolutely undermining democracy, here and in other places of the United States, because you can put in an infinite amount of money — literally infinity — into a single candidate and there's nothing New York City could do to stop it because the Supreme Court legalized it in 2014,' John Kaehny, executive director of the Reinvent Albany watchdog group, said, a reference to the decision that ended PAC contribution limits. No other 2025 mayoral candidates have received the type of outside independent support Cuomo enjoys. New Yorkers for Lower Costs, a super PAC boosting Mamdani, had by contrast only raised about $400,000 as of the latest filing. Liz Benjamin, Fix the City's spokeswoman, praised Brown's role in making the PAC the most dominant financial force in the 2025 mayoral race, saying she 'cares deeply about New York City and its future.' 'She strongly believes that Andrew Cuomo is the only candidate for mayor who has advanced common sense proposals to make the city safer, successful and more affordable and possesses the experience necessary to get big things done,' Benjamin said. While still at City Hall, Brown served directly under First Deputy Mayor Sheena Wright, who was pressured by Adams to resign in October 2024 after her home was raided as part of a federal corruption probe. Allies of Wright, who hasn't been criminally charged, believed Adams — who was himself under federal indictment at the time — treated his first deputy unfairly on her way out, and Brown was among them, sources familiar with the matter told The News this month. Brown, who worked with Wright in the nonprofit sector for years before joining Adams' administration, went on leave from City Hall around the time of Wright's resignation, Benjamin confirmed. Brown then officially departed in January. Adams spokeswoman Kayla Mamelak said Brown departed City Hall on good terms. In addition to Fix the City, one of the city's largest landlord lobbies has launched another super PAC committed to spend some $2.5 million on efforts to back Cuomo's run. The heavy PAC spending on Cuomo has helped offset troubles he's experiencing with his own campaign finance infrastructure. Many prominent Adams donors this year are instead supporting Cuomo as the mayor faced intense political fallout from his corruption indictment. The city government's elections watchdog agency continues to withhold nearly $1 million in public matching funds from Cuomo's campaign due to a suspicion it has coordinated spending activities with Fix the City. But Fix the City isn't impacted by the matching funds denial and its spending makes the withheld matching funds seem like chump change, Kaehny argued. 'Because he has the super PACs, it does not matter,' he said. 'That's the sad fact.' ------------ —With Josephine Stratman