A consultant hired to study the financial feasibility of redeveloping the Albuquerque Rail Yards called a planned community college film center a “game changer” – one that could “define the economic purpose of the site” in lieu of waiting for another potentially hard-to-find anchor.
Portland-based Leland Consulting Group called Central New Mexico Community College’s proposed Film Production Center of Excellence “an exciting and potentially transformative use” at the Rail Yards. The firm’s recent draft report to the city said officials should “do everything in their power” to ensure it comes to fruition.
The city and CNM in January signed a one-year memorandum of understanding saying they would “jointly investigate the possibility of locating a Film Production Center of Excellence” at the Rail Yards. The college has not yet executed a lease and said late last month it is still examining the potential project. It has $300,000 in state funds and a $300,000 grant from the U.S. Conference of Mayors and Wells Fargo to plan the project. The college is also seeking $3.5 million for the project’s first phase as part of an $84 million bond issue going to voters this fall.