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Bernalillo County Commission will not consider tax measure to help redevelop state fairgrounds

Summary by KRQE News 13
ALBUQUERQUE, N.M. (KRQE) – The Bernalillo County Commission is no longer considering a tax measure to help redevelop the state fairgrounds as the state is resetting the process. Last year, Governor Michelle Lujan Grisham floated the idea of converting the fairgrounds in Albuquerque's International District into housing and other development. The commissioners proposed creating a Tax Increment Development District to help that process. Eleph…

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KRQE News 13KRQE News 13

Bernalillo County Commission will not consider tax measure to help redevelop state fairgrounds

ALBUQUERQUE, N.M. (KRQE) – The Bernalillo County Commission is no longer considering a tax measure to help redevelop the state fairgrounds as the state is resetting the process. Last year, Governor Michelle Lujan Grisham floated the idea of converting the fairgrounds in Albuquerque's International District into housing and other development. The commissioners proposed creating a Tax Increment Development District to help that process. Eleph…

·Albuquerque, United States
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bernco.govbernco.gov

Update: County Will Not Consider TIDD Formation at Next Board of County Commissioners Meeting - Official Bernalillo County Website

March 7, 2025 Bernalillo County, N.M. – The proposed formation of a State Fairgrounds Tax Increment Development District (TIDD) will not be considered at the next administrative meeting of the Bernalillo County Board of Commissioners. Bernalillo County Executive Development Officer Marcos Gonzales announced that the TIDD formation ordinance and resolution have been removed from the March 11 board meeting agenda. The state has decided not to purs…

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bernco.gov broke the news in on Friday, March 7, 2025.
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