On November 1st, the Chamber’s Cross Border Business Forum held a panel discussion on the Baja California property development, opportunities, and investment. The discussion focused on business opportunities and real estate statistics, projects, and challenges. The Metropolitan Institute for Urban Planning of Tijuana (IMPLAN) shared an overview of the city’s urban planning projects and how the agency works together with developers. There are six hotels, three hospitals, 15 building projects, and four shopping centers currently under construction just in Tijuana. These projects are a realization of what the city has been working on for so many years in terms of infrastructure and economic growth.
Developers and realtors shared a concern regarding the perceived lack of security and corruption in Tijuana. It was suggested that U.S. citizens living in Tijuana and Rosarito share testimonials to help develop a positive perception and change the dialogue.
A final question focused on the Tijuana River pollution issue. IMPLAN clarified that this issue pertains to the Ministry of Urban Development for the State of Baja. Tijuana is working on diagnosing its sewage infrastructure to understand urban capacity.
The Chamber’s next Cross Border Business Forum will be held on February 15th, 2018, at the Chamber office in San Diego.