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Originally Posted by nmrunner11
[]I guess this also means the end of Titan Development's "pause" on multifamily projects in Albuquerque due to the property tax increases brought about by the new property valuations and assessments over the past year or so. Perhaps that was more of a scare tactic and propaganda to try to bring about desired legislative action on the supposed issue.
No matter, all I care about is to see even more development action in the Sawmill Area and more housing built in the city![/I]
Alex- love the content, just so you know, no propaganda on the property tax issue, it's real, it's devastating. However, this property will be applying for a 14 year tax abatement through the MRA program to make this work.
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Hello and thank you! I'm glad to hear that the project will hopefully go forward with the aid of the tax abatements, which I fully support! I love that the Sawmill Area is growing and getting better with projects such as these.
I certainly don't mean to diminish or disregard the issue, but there have been plenty of other projects that have been revealed and which have begun planning or have gotten underway over the past year.
I don't think it's the death knell for development that it's being presented as, hence my characterizations.
When local news outlets like the Albuquerque Journal, Albuquerque Business First, KRQE, KOB-TV, etc. run stories saying that there is now a dramatic slowdown in projects or that local development companies are now focusing their efforts and business ventures out of state due to these supposed grave issues and an overall anti-development stance by the state and our local governments, I can't help but get perturbed.
I've shown previously in this thread that apartment construction and development isn't down as dramatically as it is being presented by those in the local development and real estate industries.
I've pointed out blatant mistakes and omissions in their accounting and assessment of all the projects that are underway right now and planned in the future.
I said that I'm going to try to update my listing of those projects under construction and planned, and I still plan to do so once I have enough time to devote to that effort.
New projects continue to be announced and I have discovered more on my own as well. It's actually getting hard to keep track. But I do this as a hobby, not a profession, unlike those who have gotten it so wrong.
I am very much pro-development and generally pro-developer, but it gets to me to see our city and state trashed, mischaracterized and lied about by the development community.
As I said previously, there are certain people (mostly with a political ax to grind) who run with these negative stories and bad data in an effort to paint our city and state and leaders in a horrible light.
I've been interested in and following development in Albuquerque and New Mexico since I can remember. My fascination with skyscrapers began when I was little and first saw Albuquerque Plaza under construction while riding the city bus downtown with my family.
Nobody wants this city and state to succeed and develop more than me!
I can't remember a time in my life where this city and state and our leaders have been more pro-development than right now. You have people from all across the political spectrum doing everything they can to address our housing shortage and to attract companies, jobs and development of all kinds to this city and state.
Our city and state really don't deserve to be trashed and painted as anti-development and against businesses and economic growth.
The last few years have actually been very exciting for development of all kinds in this city and state. And based on what I've posted just this year in this thread, we have much to look forward to in the future!