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City outlines four proposed Metropolitan Redevelopment Areas to start GRT baseline collection
Summary
Economic development staff presented four proposed Metropolitan Redevelopment Area (MRA) designations and explained the state process for gross receipts tax (GRT) sharing to fund redevelopment; council discussed timelines and priorities for submissions.
Las Cruces — City economic development staff on Jan. 27 recommended designating four new Metropolitan Redevelopment Areas (MRAs) and described the state process for setting a gross receipts tax baseline that can later fund redevelopment within the designated areas.
Selena Morales, interim deputy director of economic development, told the council that MRAs aim to “target the elimination or prevention of slums and blighted areas, improving property value and economic activity,” and that designating an area starts a state data-collection process to set a GRT baseline.
Morales and consultants identified proposed focus areas in the city’s infill district and presented basic metrics for each. Examples cited by staff included: - Amador/Próximo and South: 55 businesses employing 759 people; 74…
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