Annual Report
Over the past two decades, the Metropolitan Redevelopment Agency (MRA) has collaborated with local community partners and contributed significant economic impact to Albuquerque's urban core. The MRA's Annual Report is the story of revitalizing the downtown corridor, and summarizes the exciting past, present and future efforts of the agency.
Mission
The MRA’s mission is to make Albuquerque competitive in the global market by revitalizing downtown and the Central Avenue corridor, which will lead to collaborative public-private partnerships resulting in catalytic change, investing in sustainable infrastructure, and providing opportunities for local residents and businesses to thrive.
Vision
The MRA envisions Albuquerque as New Mexico’s urban center and the Southwest’s premier mid-size city, attracting economic investment and building a healthy and vibrant community that reflects diversity, innovation, rich culture, and unique history. It is a vision of a city that ensures economic prosperity for all residents and where visitors dream to return.
Click Here to Read the 2022 MRA Annual Report
2022 Impact at a Glance
2022 Completed Projects
The Metropolitan Redevelopment Agency allows us to think big, re-imagine our city, and invest in catalytic projects which positively change our community. These investments lead to thriving, healthy neighborhoods that attract more investment, and create opportunities for local residents and businesses.
| Project | Partner | Description | MRA $ | Total Project $ |
|---|---|---|---|---|
| Tierra Adentro Charter School | Palindrome | 38,000 Sq. Ft. charter school with capacity of 430 students | $537,000 | $8,600,000 |
| Rail Yards Frontage Streetscape | CABQ | Streetscape and landscape improvements from Santa Fe to Hazeldine. $1.2M EDA Grant | $1,200,000 | $2,400,000 |
| E&E - Mountain & 6th Redevelopment | BCSW Properties, LLC | 8 residential units including a mural along Sixth Street. | $30,000 | $1,000,000 |
| Broadstone Nob Hill | Titan Development | 102‐unit multifamily | Tax Abatement | $21,500,000 |
| Bueno Foods | El Encanto, Inc. and Majec, LLC | 25,000 Sq.Ft. Freezer Expansion | $295,000 | $12,000,000 |
| DT Storefront Grant (Round 1) | Small Businesses (Various) | Storefront grants distributed to businesses opening, relocating to, or expanding within the Downtown core. Grants were a minimum of $30k, $35k for those with evening hours. | $500,000 |
$500,000
|
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