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Santa Fe finance committee hears MRA plan to ready Midtown parcels, finish infrastructure and revive legacy buildings
Summary
Metropolitan Redevelopment Agency Director Daniel Hernandez told the City of Santa Fe finance committee the MRA is negotiating multiple development agreements at Midtown, aiming to engage developers on all parcels this year, finish master-plan infrastructure designs and begin capital campaigns for legacy buildings.
Daniel Hernandez, director of the City of Santa Fe’s Metropolitan Redevelopment Agency, presented the MRA’s FY26 goals to the City of Santa Fe Finance Committee during the seventh day of budget hearings, saying the office expects to finish negotiations on development agreements and set infrastructure work schedules that will allow private projects to move forward.
Hernandez told the committee the MRA has finalized a disposition and development agreement for Aspect Studios Village and is completing Phase 1 work, with plans to finish initial studio improvements in time for the Santa Fe International Film Festival in October. “We wanna have 100% of the parcels, engage with developers or in predevelopment, by the end of this year,” Hernandez said.
Why it matters: Midtown is the city’s largest single redevelopment site in Northern New Mexico and a focal point of the MRA’s work. Finishing…
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