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Sunday, November 16, 2008

State Fairgrounds


Saturday, November 15, 2008

What Will the Downs Become?
By Charles D. Brunt Journal Staff Writer

Expo New Mexico should look more like Tivoli Gardens in Copenhagen, Denmark, the Rawhide Western Town in Chandler, Ariz., or the sprawling soccer complex at Santa Ana Pueblo, according to three of the 19 people who have submitted ideas to state officials for redeveloping roughly one-third of the aging, 236-acre state fairgrounds. Gov. Bill Richardson renewed interest in redeveloping a parcel of the 70-year-old fairgrounds in May after the state Racing Commission — whose members he appointed — approved the Downs at Albuquerque's request to move from Expo to a proposed $65 million site in Moriarty. Moving the racino, owned in part by longtime Richardson ally and campaign contributor Paul Blanchard, will strip about $2 million in annual rent from Expo's nearly $16 million budget. On a good year, Expo — a state enterprise that must pay its own way — will eke out about $1 million in profit. At Richardson's direction, the state Department of Finance and Administration issued a "request for information" in July, seeking ideas for redeveloping the 97 acres leased by the racino — a move that will likely mean the end of horse racing at the State Fair. The lease expires in 2010. Nineteen responses were received by the Aug. 15 deadline, said department spokeswoman Nicole Gillespie. The ideas range from amusement parks and technology complexes to community gardens and a professional soccer stadium. Retired firefighter David Gonzales revived a proposal he first made to State Fair officials in 2002 when he pitched the idea of a Western Village for the fairgrounds. He's now expanded the idea into a Disneyesque theme park that includes not only his Legends Ghost Town, but a park of international pavilions featuring the culture, music and foods from nations throughout the world. The Western-themed village — which could resemble Rawhide Western Town at Wild Horse Pass in Chandler, Ariz. — would be the centerpiece of the park and the gateway to the international pavilions, he said. "An important element to all this is the educational aspect," Gonzales said. Each pavilion would give visitors a taste — literally and figuratively — of what it would be like to visit that particular locale. Gonzales, a former State Fair vendor, said his international park would draw visitors year-round. Initial funding for the venue would come from public and private sources, he said, possibly with investment from foreign governments interested in promoting tourism. Basil Akers with the New Mexico Manufacturing Extension Partnership would like to see a year-round entertainment venue like the famed Tivoli Gardens in Copenhagen, Denmark — one of the oldest amusement parks in Europe. Adjacent to the park, he'd like to see a "manufacturing innovation and technology complex." "It would be a place where you could do a fairly fast assembly and/or testing of manufacturing technologies or agricultural technologies," Akers said. Unlike business parks that specialize in manufacturing, this complex would be a place to test emerging technologies before they're applied to manufacturing, agricultural or other uses. Because the complex would take up about 30 of the available 97 acres, it leaves plenty of room for other complementary uses, Akers said. The Fair West Neighborhood Association, which represents about 620 households immediately west of Expo New Mexico, proposes converting about 30 acres of the racetrack infield into 10 full-sized soccer fields, including four that are lighted for night play. By renovating the existing grandstand and adding one on the east side of the property, a soccer stadium could be formed. "That could be the linchpin for attracting a professional soccer team to Albuquerque," said association president Tim Newell. The proposal also says existing youth soccer leagues — including the American Youth Soccer Organization and the Duke City Soccer League — and the New Mexico Activities Association, which governs high school soccer, already have to compete for space and playing time at area soccer fields, including those at the State Farm Insurance Soccer Complex at Santa Ana Pueblo and Albuquerque's Balloon Fiesta Park. Balloon Fiesta Park, he said, is unavailable for two months each fall for the Balloon Fiesta, and during wine festivals, athletic events, dog shows, bicycle races, golf competitions and other events. The park, the proposal says, is "steadily used and is not particularly maintained for soccer." Newell said he has no cost estimates for the conversion at Expo New Mexico, but said, "It's not very expensive overall, considering all the things that could be done for the whole complex, and I think under proper guidance, it could be revenue-generating for the fairgrounds." The association estimates the facility could generate $250,000 per year from league and tournament play, and another $100,000 from concessions. Taking a cue from the Sheryl M. Williams Stapleton African American Performing Arts Center at Expo, The Asian American Association of New Mexico would like to see an Asian American Center built on about four acres at the southeast corner of Central and Louisiana. Association members envision a 37,000-square-foot multipurpose center with a theater, amphitheater, dance studio, kitchen and dining facility, museum, library, computer center, meeting rooms, garden and picnic area, classrooms and association offices. Association board member Bobbie Nobles put initial construction costs at $7.5 million, most of which would be sought from state funds. State legislators have already provided about $30,000 for design and planning costs. The center would generate revenue through Asian-related vocational training and apprenticeships in culinary arts, business start-up, restaurant management, salon operation and other fields, according to the association's proposal. It could also offer Kumon Method classes in math and language, a lecture series, performing arts presentations, visa advisory services, a Tour of Asia restaurant and Asian craft and trade stores. Association president Hwa soon "Sue" Thorson, said the center would serve as a gathering spot for the Asian American community and help introduce others to Asian cultures and people. The center would also provide needed jobs for the neighborhood and help expand and diversify the local economy. Other ideas submitted include a bicycling arena, community gardens and a produce market, an alternative energy exposition, an equestrian center, and a community for the vision and hearing impaired that could include an apartment complex, day-care facility and an auditorium. Gillespie said Friday that the 19 responses were still being evaluated by her department, Expo New Mexico staff and the Governor's Office. "All three of those entities had a chance to review the comprehensive proposals that were submitted as part of the (request for information)," she said. "The next step that's going to happen is (issuance of) a formal request for proposals," she said. "It should be coming out soon, but I don't have any specific timeline," Gillespie said.

Saturday, November 15, 2008

Retail Developments


Saturday, November 15, 2008

SunCal Pulls Marketplace
By Sean Olson Journal Staff Writer

A proposed 20-acre commercial development on Albuquerque's far West Side has been pulled from the city's Environmental Planning Commission, and there are no plans to revive the project. Developer SunCal Cos. pulled the plug on the Heritage Marketplace, which was to be on the corner of Unser and Ladera, after what spokesman David Soyka called unreasonable requirements from city planning staff on the site plans. "We can't make it work in the way they are asking," Soyka said Friday. The development would have featured about 12 buildings, including a grocery store, bank and at least one restaurant. Jerry Worrall, Tres Volcanes Neighborhood Association president, said it was unfortunate the project wouldn't be finished. He said the neighborhoods surrounding the development are miles from basic services. It's now back to waiting for some developer to provide the services, he said. "I hope somebody provides a shopping center here on the far West Side," Worrall said. The project was never officially heard by the planning commission, but city staff had directed SunCal to revamp its site plan. Carmen Marrone, city long range planning division manager, said SunCal was instructed to move the proposed buildings so the back ends, usually used for deliveries and trash disposal, were not all facing a residential community across the street. She said the city also asked SunCal to move around its parking to allow the buildings on the site to be closer together —making it easier to move from one to another. Marrone describes the effect as a more "walkable" development. Soyka said those conditions would have forced SunCal to turn the buildings away from Unser, a deal-breaker for stores that need to be seen from the major road. He said parking would have had to be reduced to satisfy the other city requirement. These changes would have made it impossible to properly attract businesses to the site, Soyka said. Marrone said the site has been designated as part of an "activity center" in the city, which means it comes under more scrutiny for new urbanist design that emphasizes accessibility for surrounding neighborhoods and a pedestrian atmosphere. The company does not have plans to change the site plans and will instead focus on other developments they have in the area, including the Watershed and Inspiration subdivisions and a Town Center, Soyka said. Those developments are north of Ladera near 98th Street. The projects were started by the Westland Development Co., which was formerly owned by the Atrisco land grant heirs. The heirs sold their land, along with the projects, to SunCal for $250 million two years ago. SunCal is also planning to start developing industrial, commercial and residential land near the Petroglyphs.

Friday, November 14, 2008

The Pit - University Arena

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Friday, November 07, 2008
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UNM unveils $60 million makeover plan for arena
By Rick Wright Journal Staff Writer
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A $60 million face-lift and tummy tuck for the Pit will streamline, modernize and beautify the nationally renowned 42-year-old basketball palace, University of New Mexico athletics administrators said Thursday, But, they said, the Pit will forever be the Pit. "We wanted to keep the character, the intimacy, the sightlines, all the things that make it such a wonderful basketball facility," said Paul Krebs, UNM's vice president for athletics, "yet modernize a building that is over 40 years old that is in need of improvement. "I feel we've been able to do all of that as part of this project." On Thursday, Krebs and Senior Associate Athletics Director Tim Cass presented the completed architectural design for the renovation. Officially named University Arena, the building long ago became the Pit because of its original, award-winning subterranean design. Work could begin as early as January, Cass said, but major construction won't begin until April. Cass said the entire project will take 18 to 24 months. "So there will be construction during the middle of the (2009-10) season," he said. The finished product, courtesy of the Albuquerque architectural firm Molzen-Corbin & Associates, won't resemble your grandfather's Pit from the concourse upward or outward. Outside, cement walls will be replaced in many areas by tinted glass, affording views of the Sandias and Albuquerque's Downtown. The original building's box-like appearance will give way to curves, angles and an upswept northeast main entrance. Inside, potentially high-yielding luxury suites and club seating will replace many of the mezzanine seats that were added in 1975. The concourse will be widened, restrooms and concession stands doubled, adjustments made to meet American With Disabilities Act requirements. The Lobo men's and women's basketball teams will get new locker rooms and a weight room. Seating capacity, currently 18,018, will be reduced by about 1,500. Season-ticket holders in the mezzanine, Krebs said, have been offered seats closer to the floor. "I believe most folks took us up on that offer and relocated this year," he said. John Pate, vice president and senior architect for Molzen-Corbin, said the Pit project presented major challenges. "We struggled forever on what this thing was going to look like," he said. "We finally got to a point to where we set up a competition with all the architects that were playing in the game, all the architects that the university hired in this team here. "And this is the design that won." Schematics of the redesign are available for viewing on UNM's athletics Web site, golobos.com. The Pit's original design, produced in 1966 by Albuquerque architect Joe Boehning and built for barely 2 percent of what the renovation will cost, was a winner in its own right — and still is, Cass said. That's why, from the floor looking up, "you're not going to see a whole lot of difference. With the exception of replacing and modernizing the seating, that will look very similar." The renovation, Krebs said, is intended to enhance the Pit as a basketball arena and not as a multi-purpose venue. "At the end of the day," he said, "it's a basketball facility. It's always been a basketball facility. "... We welcome other events, but I don't think you'll see a flood of additional events coming because of these changes. It's not a building that's real friendly to concerts." The narrow ramp at the southeast corner of the Pit remains the only vehicular path in and out. The ramp, Krebs said, is an integral part of the building's personality. Krebs said UNM has in hand about $44 million of the $60 million it needs to complete the renovation. In 2006, Gov. Bill Richardson pledged $8 million in capital outlay funds toward the project. Krebs said the athletic program has $25 million in bonds earmarked for the renovation. UNM athletics recently began a fundraising drive, for which former Lobo basketball star Danny Granger's recent gift of $500,000 served as the kickoff. "The luxury suites and club seating will pay our debt service on the bonds," Krebs said, "so they are critical elements in the project. In the very near future, we'll be out actively selling (them), as well as raising private donations, (offering) naming rights and other naming opportunities within this building, to raise the additional monies we need. "We're confident we'll be able to do that." Pit Website
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New Businesses




11-14-2008



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Friday, November 7, 2008

Relios Jewelry to open at ABQ Uptown
New Mexico Business Weekly

Relios a 33-year-old southwestern jewelry company that has gained recognition on the TV shopping network QVC, will be opening its first retail store at ABQ Uptown on Nov. 14. The store is owned by Relios’ husband-wife team Carolyn and Bill Pollack.
“This is the perfect time for Relios to be expanding its reach into the local retail arena,” says Carolyn Pollack, the firm’s designer.
“Lots of people ask us where to go in Albuquerque to see all the great designs they love from our Sincerely Southwest on QVC or http://www.relios/, and now we have a place where we can direct them. It’s very exciting!” says Pollack. “We can’t show everything we carry on QVC, so in the new store you will discover of hundreds of unexpected finds.”
Relios outgrew its 11,000-square-foot factory and moved into a new 25,000-square-foot factory in northeast Albuquerque, earlier this year, allowing the company to double its production capacity and expand services to customers. It now serves customers from all over the U.S. with made-in-U.S.A. designer styles and contemporary southwestern looks.
The company started in Bill Pollack’s Albuquerque garage in the 1970s and has steadily grown, landing its first national account in 1978 with JC Penney.
ABQ Uptown is the Duke City’s upscale lifestyle shopping center and since opening in 2006 has sought to introduce new retail names to Albquuerque. Few of its tenants, such as Pottery Barn or Coldwater Creek, are locally based.
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Rio Rancho Developments






11-14-2008





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Friday, November 14, 2008

Hospital Stays on Schedule
By Rosalie Rayburn Journal Staff Writer

Presbyterian Healthcare Services says the construction timetable for its Rio Rancho hospital remains on target despite a market-related change in its financing arrangements. Albuquerque-based Presbyterian planned to sell $230 million worth of bonds this fall to finance the 121-bed hospital in southwest Rio Rancho. That deal is now on hold until at least March, said Presbyterian's chief financial officer Paul Briggs in a phone interview on Thursday. He said the delay will not affect the hospital project. Instead, Presbyterian will use money from its cash reserves to keep site work on the Rio Rancho hospital moving ahead while it waits for market conditions to improve and interest rates to come down. “We are moving on at the pace we anticipated,” Briggs said. Planning, design and site preparation are under way, construction is slated to begin in the first quarter of 2009 and the opening is still on schedule for late 2010, Briggs said. Market turmoil — which has driven up bond interest rates from the 5.3 percent to 5.5 percent range to around 7.5 percent — prompted Presbyterian to change its financing strategy, he said. Presbyterian plans to re-evaluate market conditions in the first quarter of next year and hopes to sell the bonds in March or April, he said. The nonprofit health services organization typically uses bonds issued for a period of 25 to 30 years to finance large-scale projects. It can also tap reserves, invested for shorter periods in a mix of bonds and equities, to finance projects such as the Rio Rancho hospital, he said. Presbyterian held a ceremonial groundbreaking for its hospital in August. The institution is located on a 50-acre site near Unser and Black Arroyo. The University of New Mexico is also planning to open a 75-bed hospital in 2010. UNM's hospital will be adjacent to a campus it will build in downtown Rio Rancho. Presbyterian and UNM have said they will use their own financing for construction but they lobbied for a mil levy help expand the services they will offer when the hospitals open. Voters in Sandoval County last week approved creating the 4.25 mil levy to help pay for the health care services. The mil levy will raise the annual property tax on a home with an assessed value of $100,000 by $141.66 beginning in 2009.
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Lofts, Condos and Mixed Use





11-14-2008





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THE PLACE AT NOB HILL

Friday, November 14, 2008

Daskalos Project Back on Track
By Sean Olson Journal Staff Writer

A halted portion of the $13 million Nob Hill project by developer Jason Daskalos is back in business and shooting for a Jan. 1 completion date. Daskalos' project, The Place at Nob Hill, takes up nearly one block between Tulane and Wellesley on the north side of Central. It will feature retail on the ground floor and 26 condos on the upper floors. Some covered garages and a Dumpster complex on the north side of the building were held up after a state District Court judge reversed city approval. The city had failed to make a zoning change for that part of the project, but a zoning hearing officer approved a conditional use permit on Nov. 5. Kenneth Robey, who filed the original complaint, said he was "disappointed and amazed" and that he has already drafted an appeal. Daskalos said Monday that the Boba Tea Co. has reserved space in the building and 12 condos have been sold. American Apparel has signed a letter of intent, he said. Daskalos' attorney, Cathy Davis, has said the project meets the desired conditions of walkability, density and proximity to transit as laid out in the city's planned growth strategy. Robey has said the project is too dense and doesn't fit in with the neighborhood.
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Arena / Hotel Project Downtown




11-14-2008





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Friday, November 14, 2008

2 Councilors Want Vote on Arena
By Dan McKay Journal Staff Writer

At least two city councilors intend to push for a public election on whether Albuquerque should move forward with a tax increase to fund a $400 million hotel and event-center complex. Councilors Isaac Benton and Debbie O'Malley said they hope to have an election sooner rather than later, perhaps this spring. The regular municipal election is in October, but they believe the Downtown site might not be available if the city waits that long. "This is a huge step for any city," O'Malley said. "I see this as an opportunity." Mayor Martin Chávez supports putting the possible tax increase to a vote, spokeswoman Deborah James said. The announcement came shortly before the project ran into significant skepticism Thursday at a City Council study session. Several consultants studying the project presented their findings. Councilor Michael Cadigan cut them off after about 45 minutes, launching a round of questions from councilors. "I need to hear the risk," he said. "You can't just come in here with a sales job and expect us to accept it." The talk turned to whether the nation is entering a seven- to 10-year recession that will squeeze government revenue and reduce the amount people are willing to spend on concerts, sporting events and other activities. The presentations Thursday were part of a $700,000 assessment the city is paying a development team to oversee. An independent team reviewing the consultants' work is expected to speak at Monday's regular council meeting. Benton pointed out that an economic analysis by one consultant indicated that the construction of an event center and hotel would stimulate the local economy. That might help provide jobs in a time of recession, he said. Dale Lockett, president of the Albuquerque Convention and Visitors Bureau, said the city risks losing convention business without the project. The city already provides a roughly $1 million subsidy to the Albuquerque Convention Center, a consequence of not having enough hotel rooms for big conventions, he said. "Cities after cities are lining up to do these projects," Lockett said. "It's our competition. ... We are in serious jeopardy of being completely out of the convention industry." The city has been weighing whether to go forward with the $344 million event center and hotel complex, which would sit next to the Convention Center and the railroad tracks. Another $53 million in related parking garages, plazas and other improvements are also under consideration. Supporters are hopeful that state government will help pay for those. Benton broached the idea of scaling back on the parking garages. One of the studies indicated there are already enough public parking spaces nearby to handle event-center traffic. Benton also said a mail-in ballot might be the way to quickly get the issue before voters. Waiting until October might not work because the group that owns the First Baptist Church — part of the planned site — could sell it before then to someone else. "The sooner we deal with this, the better," O'Malley said. They haven't introduced a formal proposal for an election yet but said they would. They also haven't worked out the details. An election would cost money. The 2001 special election for Isotopes Park cost about $300,000. Councilor Don Harris said the city shouldn't raise taxes without an election. The current financing arrangement calls for a one-eighth-cent increase in the gross-receipts tax. That would add 12.5 cents to a $100 purchase and push the tax rate to 7 percent after a separate Rail Runner tax kicks in. Councilor Sally Mayer said she likes the project but isn't sure the city should go forward with all of it. She broached the idea of just doing the hotel. "I just don't know that we can do it now," she said. Some said the presentation sounded too positive before councilors asked questions. "We didn't spend $700,000 for a sales promotion," Council President Brad Winter said. "We spent it for an assessment."

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Wednesday, November 12, 2008

New Tax Possible for Arena Albuquerque
By Dan McKay Journal Staff Writer

City Hall could finance a $344 million events center and hotel complex by imposing a new one-eighth percent gross-receipts tax and by tapping revenue generated by the project — but it would need to find other money for related improvements. And the city must also be willing to use its existing tax revenue as a "backstop" in case the new tax isn't enough to pay off the debt, according to a financial analysis by the firm Piper Jaffray. City Hall would need to find separate funding for about $53 million in related improvements around the project's Downtown site, such as a canopy over the railroad tracks, plazas, road improvements and parking garages, the report said. City officials say the state government is one potential source for that money, plus some of the city roadwork would have to be done even if the project isn't built. The financial overview by Piper Jaffray was presented to the City Council's finance committee this week. The full council will hear about it in a study session Thursday and in a presentation at Monday's regular City Council meeting. Piper Jaffray was hired by the development team designing and studying the feasibility of a Downtown event center and hotel. The work of Piper Jaffray, along with all the other consultants, is being reviewed by an independent team with no stake in the project, according to the city Department of Municipal Development. RBC Capital Markets, for example, is reviewing the Piper Jaffray report. The city hasn't decided whether to move forward with the project. The tight economy and meltdown on Wall Street could complicate matters. The city and state governments each plan to cut spending because of lower-than-expected revenues. City Council President Brad Winter said that, amid a budget crunch, he's skeptical about the possibility of finding money for the extra $53 million not covered by the new tax and operating revenue. "Things are just down. It's a bad time," he said. The developers are "not looking at reality." But Councilor Debbie O'Malley said the project would create construction jobs, boost the economy and revitalize the city at a time when help is needed. "Families are going to be out of work, and here's an opportunity to employ hundreds of people," she said. "It's an investment." The city administration, meanwhile, has stressed that it's doing independent evaluations of the studies and moving cautiously. "Every report gets vetted," said Michael Riordan, deputy director of municipal development. The council has several reports to consider in the coming days. Here are some highlights: n A traffic study by Bohannan Huston Inc. recommends closing part of Central Avenue to traffic during special events. The area between Broadway and First Street would be reserved for pedestrians and the loading and unloading of buses and shuttles. The city might also need to station people at nearby intersections to direct traffic and post message boards. n A report by Economics Research Associates estimated that the "economic benefits will be larger than the costs over the life of the project." There would be a boom in construction jobs while the project is being built in the early years. After that, however, the new one-eighth cent tax would slow down the economy slightly, creating a negative impact for a while. But those negatives don't outweigh the initial positive impact or the benefits enjoyed in later years of the project, the report said. n The ERA report also says the project might erase or minimize the $1 million-a-year subsidy the city now provides to the Convention Center because new business would be coming in. The company called that "icing on the cake" for the city. n Turner Construction Co. estimates the events center and hotel would cost about $344 million to build. It would cost another $53 million for two parking garages; a plaza on the West Side of the project; a railroad canopy, plaza and platforms; and city road and utility improvements. Some of the road improvements would have to be made over the next 30 years anyway, even if the project isn't built, city officials said. n The existing revenue used as "backstop" for the project might not be needed. It should be available, however, in case the project's operating income or revenue from the new tax don't cover costs, officials said. Plans at this point call for a 550-room hotel next to the Convention Center and a 10,000- to 11,000-seat event center nearby at the railroad tracks. Winter questioned whether supporters of the project would put the tax increase before voters or just have the council consider it. The renderings are "absolutely breathtaking, but it's like we're building with a blank checkbook because it's taxpayer money," he said. "I have an issue with that." Councilor Isaac Benton said the city has potential as a better tourist destination. "I'm optimistic," he said. "I still want to digest all this. I'm looking forward to looking at this in more detail."

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