On August 23, the Bernalillo County Commissioners voted to grant tax incentives to Santolina, a 13,850-acre master-planned community site southwest of Albuquerque. Only one commissioner voted against the request.
The master-planned community can now form 40 public improvement districts, which will allow its developers to recoup some road and public infrastructure costs. A staff report read: "The net benefit to be delivered to the county over the first fifty years following formation of the (PIDs) is anticipated to be $5,806,608,044, which is based upon $8,088,419,400 in tax and other revenues delivered to the county and $2,281,811,356 of costs associated with county services for the development."
Current plans for Santolina include a residential area, an urban center, a town center, and business and industrial parks, which would be built on 4,243 acres of the property. The developer expects to deliver its first houses on the property by 2018.