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Santa Fe governing body designates Midtown, Franklin Miles Park as Metropolitan Redevelopment Area
Summary
The City of Santa Fe approved designating most of the Midtown Local Innovation Corridor and Franklin E. Miles Park as a Metropolitan Redevelopment Area, a step that enables planning tools such as tax-increment financing and public–private partnerships.
The Santa Fe governing body on Tuesday approved designating a majority of the Midtown Local Innovation Corridor, known as the Midtown Link, and Franklin E. Miles Park as a Metropolitan Redevelopment Area (MRA).
The vote followed a public hearing and staff presentation; the designation is the third of four steps under the New Mexico State Metropolitan Redevelopment Act. Daniel Hernandez, director of the city’s MRA, said, “This is the third step in a 4 step process pursuant to the NM State Metropolitan Redevelopment Act.”
The designation does not itself approve projects or change zoning, but it enables tools the city can use during the next…
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