Rio Rancho high school delayed amid Intel deal options
Intel offered 30 million toward a Rio Rancho high school in exchange for an eight billion bond issue by Sandoval County. The County Commission delayed the decision until September. The ARPS board will review options and timelines with Bradbury and Stamm, BPLW, Bohannan Huston, and Intel as design plans unfold.
MENTIONED IN THIS ARTICLE
Genie Blair Ryan
New Rio Rancho High School
Intel
Rio Rancho High School
Sandoval County
Rio Rancho Public Schools
Richard Draper
Arps Board of Education
Karla Walker
Bradbury and Stamm Construction Company, Inc
Albuquerque
Bplw Architects and Engineers, Inc
Bohannan-Hu
Walker
City expands Unit 16 West land grab in Rio Rancho
The Rio Rancho City Council voted to expand the Unit 16 West redevelopment by 87 acres along Southern Boulevard and Golf Course Road, advancing a $400 million project over 10 to 12 years. Developer Hart Porsch plans 600 apartments, 700 duplexes and 2,500 single family homes, funded via upfront city purchases of private land at fair market value.
MENTIONED IN THIS ARTICLE
Jay P. Tharinger
Bigger
Rio Rancho
Southern Boulevard
Golf Course Road
Unser Boulevard
Southern
Porsch
Unit 16
Rudy Lucero
Skip Faye
Faye
Bond funds fuel two middle schools in Rio Rancho plan
Rio Rancho Public Schools say a $27.1 million bond allocated $17 million for a high school but Intel’s $30 million offer frees funds to build two middle schools. Combined construction saved millions versus separate builds. two schools bid at just over $17 million, total projected cost over $20 million with taxes fees and furnishings.
MENTIONED IN THIS ARTICLE
Genie Blair Ryan
Observer
Rio Rancho
Intel Corp
Rio Rancho approves 7.9 million IRBs for FULCRUM Capital Partners
Rio Rancho City Council tentatively approves 7.9 million Industrial Revenue Bonds for FULCRUM Capital Partners to fund a 79,200 square foot children's clothing distribution center at Enchanted Hills NM 528 NM 44. The project will create about 330 jobs initially and up to 600 by 2000. Bonds allow tax exempt operation for 25 years with payments in lieu of taxes to the school district, while the city loses property tax revenue but gains economic benefit per city analysis.
MENTIONED IN THIS ARTICLE
Jay P. Tharinger
Rio Rancho
Fulcrum Capital Partners
Fulcrum
Enchanted Hills
NM 44
Also Mentioned on This Page
I. S
Fai
Cacade
al AY Lf
Rio Rancho Balloon Park
Tharinger
Bond
Legislative
Colinas del Norte
Mountain View Middle School
Lukens Buildings
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