Just a short 10-minute drive from The Arbors, downtown
Albuquerque has been a great place to work for decades. But soon, it could be
home to a lot more, thanks to a new initiative to bring new amenities to
downtown Albuquerque.
This Bernalillo County Commission has unanimously voted to
consider a $11.3 million industrial revenue bond project. The proposal will
include a grocery store, the development of 22,000 mixed use commercial space,
and more.
If it moves forward the downtown development project is
great news for our community - it is estimated that the project will create 62
full-time jobs and 150 temporary construction jobs.
Perhaps the best news (at least short-term) out of all this
is that the project would be funded by private investors rather than taxpayers.
Construction is currently slated to begin towards the end of 2014.
The County Commission aren’t the only ones trying to
encourage the economic growth of downtown Albuquerque - of course there’s also the
Downtown Action team, who work year-round to lobby on behalf of small and
local businesses in the downtown area:
- Serve as the management committee for the Business Improvement District (BID) to provide enhanced services to the businesses and properties within the BID
- Provide Clean & Hospitality services to the Business Improvement District
- Attract quality growth and investment in Downtown that benefits greater Albuquerque
- Understand the market and pro-actively collaborate with key players in the community to develop and implement strategies to reach our desired outcomes
- Develop an environment for vibrant Downtown neighborhoods, and enhance the image of Downtown
- Manage the Downtown Growers’ Market, which takes place for 25 weeks of the year and attracts over 40,000 people annually
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