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A CHUNK OF LAND
COULD SOON
BECOME A MAJOR
DEVELOPMENT
NEAR LOBO
VILLAGE.
IT ALL COMES
DOWN TO A
SCHEDULED VOTE
AMONG THE UNM
REGENTS.
NEWS 13'S DAVID
ROMERO IS LIVE
NEAR WHERE THIS
PROPOSED
DEVELOPMENT
WILL GO-- IN
SOUTHEAST
ALBUQUERQUE.
ELIZABETH-- THIS
BIG DIRT LOT
BEHIND ME COULD
SOON BE FILLED
WITH DOZENS OF
RESTAURANTS
AND STORES IF
THE UNM REGENTS
APPROVE THE
PLAN.
U-N-M'S FINANCE
AND FACILITIES
COMMITTEE
UNANIMOUSLY
APPROVED THE
PLAN LAST WEEK.
NOW THE SOUTH
CAMPUS MASTER
DEVELOPMENT
AGREEMENT AS
IT'S CALLED WILL
GO BEFORE
REGENTS TODAY.
IN AN ARTICLE
FROM THIS
MORNING'S
ALBUQUERQUE
JOURNAL, IT SAYS
THE ENTIRE PRICE
TAG FOR THE
PROJECTS
HAVEN'T BEEN SET
YET BECAUSE
THEY HAVEN'T
DETERMINED THE
VALUE OF THE
LEASE. THAT'S
WHY IT WAS
PASSED ALONG TO
THE FULL BOARD
OF REGENTS.
THIS WILL LIKELY
FILL IN 50 ACRES
OF EMPTY
PROPERTIES
AROUND LOBO
VILLAGE JUST
EAST OF THE
FREEWAY ALONG
AVENIDA CESAR
CHAVEZ.
THE UNIVERSITY
HAS LOOKED INTO
DEVELOPING THIS
AREA SINCE 2007,
BUT IT WAS
DELAYED
BECAUSE THE
ECONOMY TANKED
THE FOLLOWING
YEAR.
SOME OF THE
EARLY PLANS
FROM FAIRMOUNT
PROPERTIES --
THAT'S THE
COMPANY WHICH
PLANS TO BUILD
ON THE VACANT
LAND -- INCLUDE A
65-HUNDRED
SQUARE FOOT
RESTAURANT AND
22-THOUSAND
SQUARE FEET OF
SHOPS.
ELIZABETH, BACK
TO YOU.
OKAY THANKS
DAVID.
WE WILL KEEP
YOU UPDATED
WITH WHAT
HAPPENS AT THIS
MEETING IN OUR
LATER
NEWSCASTS AND
TOMORROW
MORNING HERE ON
KRQE NEW THIS
MORNING.
JUST A QUICK