Quote:
I honestly believe she might have been correct if political decisions have not ruled our national policy. However, I believe that an uncontrolled and porous Border stunted the development of South Padre as a higher end destination starting after the oil crash in the early 80s
I think more than anything what has always held SPI back is the lack of good non-stop flights from many places in the US. By the time someone flies through Houston or Dallas to HRL or BRO and then drives to the Island the cost and time are about the same as going to somewhere more exotic in the Caribbean. Over the years I knew many folks from up north that were spending time on SPI with Condo's there and such and finally figured out that they could get to Cozumel, Roatan, and other like places for about the same money for a more exotic time with prettier water and more to do. SPI is just too far from Houston and Dallas, and S.A. had Port A much closer.
Ironically, the majority of the upper end development on SPI has been driven by Mexico. At one time, don't know about now, over 50% of the property taxes paid on SPI were paid by Mexican Nationals. There are several really high end condo projects that were planned-marketed-sold-built by and to only Mexican nationals. Really nice places. The big money people on the Island were predominantly Mexican Nationals. The oil crash hurt SPI, but what hamstrung it for years was that it happened at the same time as the 7 year Mexican Peso instability and it took the Island 15 years to recover.
In the 90's hey day Mexican Nationals flooded that Island and spent a lot of money there, although the tipped poorly much to my chagrin. Many felt that investing in SPI real estate was a safe heaven for the money, and many did really well.
At the end of the day the winter on SPI is very unpredictable and just like it can be great weather for a month, it can also be foggy, drizzly and in the 50's for a month and upper end winter visitors are not going to take that chance, better Florida or the Caribbean. The market dynamic for SPI is lower and middle class folks for the most part, driving in from a location within a day's drive. The Golf Course is too far away and not too nice for the top end golfers either.
In my opinion many of the SPI promoters spent years and millions trying to make SPI something it was never going to be. Instead of focusing on what was really neat about it; lack of crowds, quaint Texas coastal area, proximity to Mexico (which is what drove the spring break boom times), and miles and miles of easy access beaches. I think many have caught on now, but the growth in the RGV has meant that lots more Valley Trash frequents the Island, which is a negative.