SANTA FE, NEW MEXICO — The State Board of Finance has approved a $22.35 million bonding package for the State Fair District Board, clearing the way for the acquisition of nearly nine acres on the southwest corner of Albuquerque’s State Fairgrounds.
The purchase is part of a $90.15 million predevelopment plan that includes a 10-acre public park with plazas, trails, play areas, restrooms, and pedestrian-friendly upgrades along the Fairgrounds’ boundary. Officials say the improvements will move forward regardless of which of the three redevelopment proposals unveiled earlier this week is selected.
The State Fair District Board will meet Thursday, Dec. 11 to review the master plan concepts. The bond will be considered again on Tuesday, Dec. 16.
Community members can submit feedback online at fairgroundsdistrict.nm.gov.
