A consulting firm has identified two potential New Mexico United stadium sites in downtown Albuquerque, the first step in the long process of building a USL Championship facility that could cost $70 million.
New Mexico United currently plays out of Isotopes Park, home of the MiLB Triple-A Albuquerque Isotopes, but that’s always been considered a short-term solution. With some state funding in place for a new stadium, the city enlisted CAA ICON to identify potential stadium sites. They did, in the form of two downtown locations: the Coal/Broadway area and the Second Street/Iron area. The city controls some of the property at each site, but private interests control the majority of both sites.
Identifying sites is a start to the process, but there are much larger issues to tackle. With some $7.5 million pledged by the state, the city will need to identify funding sources to fund what is planned to be a 10,000-12,000 capacity facility costing between $64 million and $70 million. From the Albuquerque Journal:
The analysis does not make any recommendation for how the city could pay for a stadium. Asked what money the city currently has for the project, a spokeswoman cited New Mexico legislative appropriations totaling $7.5 million.
[Team president and owner Peter] Trevisani, meanwhile, said the club’s contributions would likely be in the form of ongoing rental payments or development outside the stadium.
“The issue there is we’re not allowed to own any of the stadium – we’re just a tenant. The stadium would need to be owned by the city and since we can’t own the stadium, we’re not really in a position to buy a percentage of it like you might buy a percentage of a company,” he said, adding that the team would explore ways to support the project and make sure it’s financially viable but that it wants to see the city’s plans first.
Rendering courtesy New Mexico United.
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