Mesa Del Sol
Last Updated: October 3, 2005 at 1:34 pm

PROJECT DESCRIPTION
A new 12,900 acre community planned south of the airport in Albuquerque is to include a road from University Boulevard Southeast to Journal Pavilion. The development is part of a three way land deal involving the State Land Office, Forest City Development corporation, and the university. This deal must go along with the laws that restricts the ways the university deals with private developers. The land must be developed in a way that will benefit educational trustees.The university will pay the State Land Office $131,517 to make up the difference in appraised value of the land and then UNM will sell the land to Forest City Development corporation for $9,166,517 and then will share profits as the land is sold and developed. The university will receive 15% of the land profits that Forest city Corporation sells as well as 15% of profits Forest City earns on property that they keep and develop for their own projects.The road that is being built is roughly two miles long and is four lanes and will open up more access to the currently unused real estate. There are plans for a employment center which will be a 100,000 square foot office complex for research and product development. Then housing construction will begin in 2007 with 30,000 homes to be built which will allow for more than 90,000-100,000 residents to enter the city in the next half century. The development has 800 acres set aside for schools and 480 of the acres are set aside for a University of New Mexico campus.

PROJECT COST AND FUNDING
The estimated cost of the project is around $25 million dollars to build the road, water and sewer lines and other utilities to be functional.

START TIME AND COMPLETION DATE OF CONSTRUCTION
The estimated start time appears to be January 2006 with construction time to be about 300 days and estimated date of completion December 2005.

CONTACTS
Forest City Covington-Chief Master Developer
A.S. Horner-Contractor

Thank you to Karen Wentworth/Susan Mckinsey,Strategic Communications and Marketing for informational contributions to this page.

Sabra Jane Basler/Chad Lee
Transportation Information & Project Facilitation

MSC04 2545
2401 South Redondo NE, Suite 300
1 UNIVERSITY OF NEW MEXICO
Albuquerque, NM 87131-0001

Telephone: (505) 277-7590
Fax: (505) 277-4743
Cell phone: (505) 269-5550
E-mail: waytogo@unm.edu