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City finds money to complete Poole property buy

.... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... The city of Albuquerque has identified funds needed to buy the Poole property on Albuquerque’s West Side. (Jim Thompson/Albuquerque Journal) ALBUQUERQUE, N.M. A protracted battle over the long-term fate of 23 acres overlooking the Rio Grande oxbow is seemingly over now that Albuquerque officials have cobbled together enough money to buy the property and preserve it from development. Once slated for 69 new homes, the Poole property named after its former owners is now set to become part of Albuquerque’s open space network. The City Council on Monday gave Mayor Tim Keller’s administration the necessary approval to complete the $6.7 million purchase using a variety of city funding sources.

City finds funding for Poole property purchase

City finds funding for Poole property purchase
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City seeks enough funds to pay for Poole property

Copyright © 2021 Albuquerque Journal The city has struck a $6.7 million deal to buy the Poole property on Albuquerque’s West Side. Now the question remains: Where exactly will it find the money? ...................... The fate of 23 acres overlooking the Rio Grande wetlands has sparked significant community interest and debate. Neighbors have tried for years to stop a planned residential development on the bluff; however, their technical appeals have repeatedly failed, and Gamma Development ultimately obtained site plan approval for a 69-home project. But even amid Gamma’s forward march, city officials have consistently said they would like to buy the land – located at the east end of Namaste Road – to preserve as public open space.

Residents cite erosion of bucolic Franklin and safety concerns in opposition to $550K park project

By MARK RENFREE Grandparents Park Site Grandparents Park Site Credits: Malik Lyons January 13, 2021 at 2:58 PM SOMERSET, NJ – A project to build what the town is calling a “grandparents park” is drawing criticism from residents who said the plan furthers the erosion of “bucolic” Franklin. Concerns over safety, the park’s potential impact on wildlife and the site’s proximity to other parks and amenities brought at least 30 residents out in opposition to the project at last night’s special council meeting dedicated to the proposal.  Officials said the estimated $550,000 in funding for the project would come from the town’s Open Space Trust Fund – generated by a special tax that can only be spent on developing and preserving open space, farmland and historic properties. The money raised through this tax cannot be used for general budgeting by the town. 

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