Mayor Tim Keller invites New Mexico universities to partner in revitalizing Downtown Albuquerque with free land for development
Albuquerque: Mayor Tim Keller is making a bold move to revitalize Downtown. He’s offering free land to any New Mexico university willing to help out. This could be a game-changer for the area.
At a recent Economic Forum, Keller specifically mentioned the University of New Mexico but said any local university could take advantage of this offer. He’s really looking for partners to breathe new life into Downtown.
The land in question is a parking lot near the Convention Center, which Keller has already told UNM, “It’s yours.” They’re in talks about expanding their presence in the area, but nothing is set in stone yet.
Teresa Costantinidis from UNM believes that a Downtown presence could really boost not just Albuquerque but the whole state’s economy. It’s all about creating a vibrant community.
Keller drew comparisons to Phoenix, where Arizona State University played a huge role in revitalizing the city. He’s hopeful that UNM can do something similar here.
He knows it’s a long road ahead, but he’s committed to making it happen. The idea is to create a space that combines university facilities with private sector opportunities, which could really transform the area.
In the past, the city has tried to find the right development partners but hasn’t had much luck. After seeing what worked in Phoenix, they’re eager to collaborate with a local university.
Brunner, the mayor’s chief of staff, mentioned that the lot could host various facilities, including parking and maybe even a hotel. It’s all about thinking outside the box.
While the university would need to secure funding for development, it’s encouraging that the city is on board and excited about the possibilities.
There are even better incentives for development in New Mexico compared to Phoenix, which could make this project more appealing.
Keller’s vision was inspired by his predecessor, who had grand plans for the land but couldn’t get the financing. Now, Keller is ready to take a fresh approach.
Brunner pointed out that expanding a university into Downtown raises questions about transportation and resources. They’ll need to figure out how to make it all work.
UNM already has a presence Downtown with its Rainforest Innovations, which focuses on innovation and economic development. There’s potential for a strong partnership with the city and community colleges.
Costantinidis is optimistic about the future and looks forward to exploring how UNM can contribute to Albuquerque’s revitalization.
