February 16, 2024
Study Commissioned by New Mexico State Legislature Conducted by UNM Bureau of Business & Economic Research
ALBUQUERQUE, NM—A new study commissioned by the New Mexico State Legislature and conducted by the University of New Mexico Bureau of Business & Economic Research (BBER) found that the 2013 projections for population growth, jobs created, and number of housing units needed that developers relied on to promote the highly controversial Santolina Development project were “unrealistic” and “highly unlikely.”
UNM BBER published their report, entitled “Potential Impacts from Santolina Development,” on their website in November 2023. The UNM Press Office issued a press release in December.
An impartial analysis from The University of New Mexico’s Bureau of Business and Economic Research (BBER) evaluating the economic and fiscal impacts of the proposed Santolina development finds that buildout targets are likely too high, which could generate lower tax revenues than initially expected….
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