Update: 12 p.m.
McAllen police are asking for the public’s help. Read more.
Update: 6 a.m.
McAllen Police Chief Victor Rodriguez confirmed the shooting death of Eddy Betancourt early Sunday morning. He indicated that more details would be disclosed soon.
Breaking news
Mission businessman and Hidalgo County Appraisal District Board of Directors member Eddy Betancourt was shot to death in McAllen on Saturday, according to Hidalgo County Judge Richard F. Cortez.
Details about the death remained limited Saturday night.
Hidalgo County Justice of the Peace Ramon Segovia confirmed a death in McAllen on Saturday, but declined to share details. He deferred questions to McAllen police, who have not been available to answer questions about the shooting..
McAllen Police Chief Victor Rodriguez could not be reached for comment Saturday night.
Betancourt, who was deeply involved in the area’s business community, was the president of R&B General Construction Company in Mission. He also co-owned National Tire and Wheel LLC and served as a general retail partner manager for E2H Investments.
As a member of the Hidalgo County Appraisal District Board of Directors, Betancourt played a role in overseeing the agency that determines taxable property values across Hidalgo County. Those valuations directly affect business operating costs, commercial real estate values, school district funding, and municipal revenues throughout the Rio Grande Valley.
Betancourt also served as a member of the McAllen Board of Realtors and the National Association of Realtors.
In 2023, Gov. Greg Abbott reappointed him to the Texas Facilities Commission, which controls state buildings, grounds, and property.
Check back later for details on this developing story.
Managing editor Naxiely Lopez-Puente contributed to this report.
Matt Wilson
Reporter
Matt Wilson is a Hidalgo County–based freelance reporter and contributor to the Rio Grande Valley Business Journal. He previously covered education and general assignment for The Monitor, frequently writing about the dramatic ways business changed during the coronavirus pandemic. Before that he worked as a reporter in rural Central Texas where he covered everything from house fires to school board meetings.
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