Metropolitan Redevelopment Agency Releases 2022 Annual Report
October 12, 2022
ALBUQUERQUE – The Metropolitan Redevelopment Agency (MRA) released its 2022 Annual Report highlighting the agency’s activities, revitalization impacts, and accomplishments for the past year.
Some of the projects completed in FY2022 include shaping the City’s Downtown Forward Plan which implements steps to create a safe and vibrant downtown district; deploying $500,000 in grants to 15 local businesses committed to occupying vacant, street-level, commercial properties in the downtown core; and securing nearly $36.5 Million to the highly anticipated Albuquerque Rail Trail.
“Positive changes in our community will attract economic investment and help us to grow and thrive,” said MRA Director Terry Brunner. “Together we can build a healthy and vibrant community that reflects our diversity, innovation, rich culture and unique history.”
Through projects and partnerships, MRA filled 63,000 square feet of retail and office space, completed 110 residential units, invested $46 million in projects and reports a remarkable 18:1 in leveraged investment.
“The Metropolitan Redevelopment Agency has utilized redevelopment tools and incentives to make visible economic improvements in our city,” said Mayor Tim Keller. “Through projects like the Albuquerque Rail Trail, we are creating a landmark for the City of Albuquerque that future generations will know and love.”
View the full report here.