ALBUQUERQUE, N.M. (KRQE) – One of the items on the agenda for city councilors Wednesday includes redeveloping a neglected area of town that was once set to become a shopping center with restaurants and hotels.
City councilors will potentially be adopting a resolution they say will clean up 50 acres of land by I-25 and Pan American Freeway in hopes of bringing in businesses.
It’s called the Coronado Metropolitan Redevelopment Area Plan. Councilors say it will stimulate redevelopment in an area with outdated buildings such as the former Philips semiconductor plant. They say it will also address making the area safer for residents in the surrounding neighborhoods.
It wasn’t long ago when Titan Development had plans to turn this area around I-25 Studios into what they called a “mixed use campus style” master plan.
Numerous public meetings have been held throughout the summer, the last one being in August where people expressed their support over the proposed plan.
City councilors will be taking final action on the Coronado Metropolitan Redevelopment Area Plant at Wednesday’s meeting at 5 p.m.