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Santa Fe approves $5.5 million NMFA loan-grant for Nichols Dam repairs
5077871 · June 26, 2025
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Summary
The governing body accepted a $5.5 million loan-grant from the New Mexico Finance Authority to contribute to ongoing repairs of the Nichols Dam outlet conduit; the larger project is estimated at about $20 million.
The City of Santa Fe accepted a $5.5 million loan-grant from the New Mexico Finance Authority’s Water Project Fund to help pay for repairs to the Nichols Dam outlet conduit, staff told the governing body at Tuesday’s meeting.
A city staff speaker described the funding as a loan-grant package: $5.5 million toward…
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