Prepping the 27-acre Albuquerque Rail Yards for planned redevelopment is likely to cost tens of millions of dollars, but the city is getting some help from the federal government.
The city has received a $1.2 million grant from the U.S. Economic Development Administration, officials recently told members of the Rail Yards Advisory Board.
“That’s a really exciting addition to the funding we secured this year,” Karen Iverson, manager of the city’s Metropolitan Redevelopment Agency, told the board.
She said the grant will help cover streetscape improvements, utilities infrastructure and more.
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