Copyright © 2019 Albuquerque Journal
It will cost an estimated $8 million to $9 million to remove lead-based paint, asbestos and soil contamination at the city-owned Rail Yards site. The project could get a big boost under a capital improvement plan pitched by the mayor.
In his first general obligation bond package proposal since taking office, Albuquerque Mayor Tim Keller is seeking about $5.5 million for redevelopment efforts at the Rail Yards, a 27.3-acre property in the Barelas neighborhood.
The city is also seeking $15 million in state money from the Legislature for the redevelopment work.