September 25, 2020
INTER-OFFICE MEMORANDUM
TO: Pat Davis, President, City Council
FROM: Timothy M. Keller, Mayor
SUBJECT: title
Metropolitan Redevelopment Agency 2020 Annual Report
body
Please find attached the 2020 Metropolitan Redevelopment Agency Annual Report. The mission of the Metropolitan Redevelopment Agency is to make Albuquerque competitive in the global market by revitalizing downtown and the Central Avenue corridor, leading collaborative public-private partnerships that result in catalytic change, investing in sustainable infrastructure, and providing opportunities for local residents and businesses to thrive.
In Fiscal Year 2020, MRA had $116 million dollars of projects in the development pipeline, resulting in 400 housing units, 153 hotel units and over 22,000 square feet of office/retail space. These projects are infusing economic growth into central city, providing affordable housing, and creating destinations that reflect our past, our culture, and our community.
SUBJECT: Metropolitan Redevelopment Agency 2020 Annual Report
Approved:
Sarita Nair Date
Chief Administrative Officer
Lawrence Rael Date
Chief Operating Officer