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Governor announces $10 million investment in Albuquerque Rail Trail

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Gino Gutierrez
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KSFR News
Downtown Albuquerque seen through the windows at the rail yards

Governor Michelle Lujan Grisham was joined by Albuquerque Mayor Tim Keller and members of the Albuquerque City Council, as well as area state legislators Wednesday, to announce the state’s infrastructure investment in the plan to transform downtown Albuquerque’s rail corridor.

The Albuquerque Rail Trail is an urban redevelopment project that the city launched and that aims to build a 7-mile loop of multi-use trails connecting downtown and riverside destinations.

Lujan Grisham said the investment in the rail trail will help unlock future redevelopment potential for downtown Albuquerque.

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Gino Gutierrez
/
KSFR News
Governor Michelle Lujan Grisham speaks to the media and public on the impact of the investment in the rail trail

“What this does, is that it actually spurs well more than, and these are conservative estimates. Well more than $200 million dollars in downtown development and investments. And I’m going to tell you, we are going to need that as we reimagine the state, starting with reimagining Albuquerque, because we never lost sight of its potential,” Lujan Grisham said.

These potential redevelopments come in the form of multifamily housing and business development, with the hope of growing the city’s economic base and creating new job opportunities.

“Overnight, we have a flood of incredible opportunities and frankly this is one of the best ones. Because it's businesses, it's schools, it's jobs, it's housing and it's reimagining the way we do transportation in this city,” Lujan Grisham said.

The state’s contribution of $10 million joins the $15 million already committed by the city of Albuquerque. The full cost of the first 3 phases of this project is estimated to be $39.5 million.

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Gino Gutierrez
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KSFR News
Governor Michelle Lujan Grisham presents the city of Albuquerque with a check for $10 million

To foot the bill for the remaining $14.5 million, the city is pursuing federal funding opportunities.

Keller said even without the federal funding secured however, the project is beginning to take place in pieces, and now with the state’s support, more of it will become a reality.

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Gino Gutierrez
/
KSFR News
Albuquerque Mayor Tim Keller address the media

“When this project is done, it will be a landmark that every single person in this city knows about and has been too, that’s how impactful and how powerful this vision is,” Keller said.

Gino Gutierrez was born and raised in Albuquerque, New Mexico. A lifelong resident of New Mexico, Gino found interest in broadcasting after falling in love with sports and sports broadcasting. He attended the University of New Mexico, where he majored in mass media journalism. While at UNM, he worked the New Mexico Daily Lobo, serving as both sports and managing editor. He can also be heard providing play-by-play commentary for the Lobo Hockey Network.