A board the New Mexico Legislature created in 2025 to transform the 236-acre State Fair property in the center of Albuquerque voted Monday to move forward with the first phase of that project, with the help of more than $100 million the Legislature approved in the session earlier this year.
Under the new master plan the board adopted Monday, the southwest corner of the fairgrounds property will make way for new housing, a multi-use stadium and a public park, as well as pedestrian safety improvements at two nearby intersections.
Senate Bill 481 in 2025 created a new tax district board, composed of Gov. Michelle Lujan Grisham and other local and state elected officials, and entrusted it with up to $500 million in bonding capacity to transform the fairgrounds. The Legislature approved $92 million in bonds and added an additional $100 million from the state budget in the 30-day session in November…