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Albuquerque, NM

About the project
Project description: 
57,000-acre parcel on outskirts of Albuquerque owned by SunCal. SunCal's efforts to have New Mexico legislature establish a tax increment development district were defeated. Future plans are uncertain.
Status: 
STALLED, March 2009.
Related news stories: 
Albuquerque Journal: Judge Denies Westland Bankruptcy; Lenders Had Filed Foreclosure Lawsuit Against SunCal Cos
Albuquerque Journal: SunCal Defaults on Loans
Albuquerque Journal: SunCal May Face Foreclosure
Albuquerque Journal: SunCal, Water Authority in Dispute
Albuquerque Journal: Taxpayers May Foot $8M Bill For Waterline
Albuquerque Journal: Westland Files for Bankruptcy
Clearly New Mexico: Westland DevCo/SunCal Bankruptcy Was No Surprise To TIDD Opponents
KOB-4 TV: AN ALBUQUERQUE CITY COUNCILOR SAYS A DEVELOPMENT CORPORATION IS ABOUT TO MAKE A MISTAKE THAT COULD COST TAXPAYERS TENS OF MILLIONS OF DOLLARS
New Mexico Business Weekly: SunCal, Forest City stumbles cloud ABQ’s growth
New Mexico Business Weekly: SunCal: Lehman didn't finance any New Mexico projects
New Mexico Independent: Albuquerque: You Have a New Mayor
Orange County Business Journal: SunCal Stalls Project During Legal Fight with Lender
Reuters: Albuquerque developer files for bankruptcy
The New Mexico Independent: ABQ [Albuquerque] council races could determine how city grows
The New Mexico Independent: Adios 2009: David v. Goliath
The New Mexico Independent: SunCal files for bankruptcy on New Mexico property
The New Mexico Independent: SunCal targets Cadigan in election mailer
Referring Documents: 
Statement by New Mexico State Representative, Ben Rodefer, regarding SunCal facing foreclosure, December 22, 2009

Location

Albuquerque, NM
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