Regents approve Innovate ABQ's Downtown plan
Dan Mayfield
Reporter-
Albuquerque Business First
The University of New Mexico Regents have given the school the go-ahead to make an offer to purchase the old First Baptist Church site Downtown for its Innovate ABQ project.
The regents, after a marathon meeting Friday, approved the school to make a $6.5 million offer for the property, with a handful of caveats, which include an environmental assessment, a study of environmental concerns and an approval of an indemnification clause with BNSF Railway Co.
The regents' go-ahead doesn’t guarantee the purchase. Jim Wible, the commercial leasing agent who has the listing for the First Baptist Church, said that a deal has not been signed. “It’s not really clear. There are a lot of conditions we need to meet for the regents to be happy. We’ll be working with them to move that contract forward,” said Wible. “We’re all for Innovate ABQ.”
http://www.bizjournals.com/albuquerque/news/2013/12/20/regents-approve-innovate-abqs.html
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