Site work, paving and new construction of a mixed-use development in Albuquerque, New Mexico. Design plans call for the construction of a recreation facility; conference / convention center; hospitality development; multi-residential development; office development; for site work for a playground / park / athletic field; retail development; and sidewalk / parking lot.

Plans call to develop the 236-acre EXPO New Mexico/State Fairgrounds site. The master planning process is split across three phases – discovery, visioning and implementation. The district board is currently in the first phase. The master planning team has released three discussion concepts for the fairgrounds’ future design, committing to none of them while development is ongoing. Each concept follows the same general design principles, predominantly varying based on redevelopment potential, amenities and location. Concept 1 would keep the state fair where it is while providing additional space through the 10-acre public park. Additional amenities would include establishing an entertainment district, building a large event venue, a hotel and providing mixed housing. Redevelopment would be limited to 43 acres in the southwest corner. Concept 2 would expand the state fair’s footprint, building a larger entertainment district with a venue, a hotel, mixed-use space and limited housing. The park would still be included, albeit on a slightly smaller scale. Redevelopment potential would be increased to 51 acres, divided between the southwest corner and some space on a corner of Lomas and San Pedro. Concept 3 would completely relocate the state fair, opening a slew of redevelopment opportunities. The district board would use the newly available space to pursue a public-private partnership to create a central campus through adaptive re-use, neighbored by an event space, school and village corridor. The vision maintains a larger 22-acre park space, entertainment district, workforce training space, mixed-use housing, large event venue, hotel and music/performing arts area. A total of 124 acres would be slated for redevelopment. The New Mexico State Board of Finance has approved a $67 million bond for the State Fair District Board. Combined with the additional $22.35 million bond approved for land acquisition in early December, the total bond funding comes to approximately $90 million. As of March 18, the project is in final master plan development and recommendations. Information regarding developer and general contractor has not been disclosed. Construction is anticipated to begin in 2026. The completion timeline has not been released.