University of New Mexico launches $130.5M Humanities building project
What happened
The University of New Mexico is beginning construction on a new Humanities & Social Sciences building in Albuquerque, starting October 22. The project is estimated to cost $130.5 million. Design work is being finalized by Studio Tsien of New York and SMPC of Albuquerque. Funding for the project includes $52 million from General Obligation Bond 3 and $40 million from Severance Tax Bonds.
From unm.edu
Why it matters
The project represents a major capital investment in the state of New Mexico. The construction and associated planning activities could drive local economic activity in Bernalillo County. Furthermore, the design contract provides new revenue for New York.
From unm.edu
Who's involved
- University of New MexicoThe university receiving the new Humanities & Social Sciences building.
- New YorkThe state where the design firm, Studio Tsien, is located.
- New MexicoThe state where the construction project is taking place.
- Bernalillo CountyThe county where the construction will occur.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- New MexicoSpeculative
The state of New Mexico might see increased construction and economic activity due to the capital project.
- New YorkSpeculative
New York may receive new revenue from the design contract for the building.
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The entities involved
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University of New Mexico
public research university in Albuquerque, New Mexico, United States
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New York
state of the United States of America