Economic analysts expect 2017 to be a growth year for Midland-Odessa.

Economic analysts expect 2017 to be a growth year for Midland-Odessa.

Economic analysts predict 2017 will be a much-needed year of growth for Midland-Odessa. According to a story by The Midland Reporter-Telegram, Midland’s two-year slump seems to be coming to an end. Citing a report prepared for the Midland Development Corp by economist Karr Ingham, The Reporter-Telegram says that despite slow growth in some sectors, key factors indicate the area’s economy is in recovery.

While the decline in spending merely slowed, employment numbers suggest real growth. Reports indicate that nearly all of the job losses reported since 2015 have been recouped. However, optimism over employment numbers remains tempered by the expectation that revised data from the Texas Workforce Commission, to be released next month, will likely show the two-year job losses as much higher than previously reported.

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Old Town Lewisville. Photo courtesy of the city of Lewisville

When you think of hip, fun destinations to live, work, and play in the Dallas-Fort Worth area, the city of Lewisville is not usually at the top of the list.

But city leaders in this northern suburb of almost 100,000 residents are changing that as redevelopment moves into full swing in the Old Town area. New houses, townhomes, restaurants, and retail shops are all in the works as developers and entrepreneurs take note of the changing atmosphere.

“Everybody has been hyper-focused on Collin County, but these changes in Lewisville will give people another option,” said David Maez, Broker and Co-Owner at VIVO Realty, which represents the developer Belleville Village, the builders of Uptown Village Lewisville townhomes near East Main Street and East Mill Street in Old Town. “It’s close to Lewisville Lake, close to the airport, close to I-35, which makes it easy to get to Dallas. These changes will make that area more appealing for buyers, especially younger professionals.”  (more…)