An effort to establish a high-tech research and development center in downtown Albuquerque could get an infusion of some serious cash depending on what the University of New Mexico's Board of Regents decides.
The regents will review proposals to invest $13 million in the Innovate Albuquerque initiative during a special meeting Friday. This will be their first opportunity to fully vet the project.
A financial breakdown obtained by the Albuquerque Journal shows UNM administrators want to acquire two separate properties as part of the initiative. Those include a downtown church and the Aperture Center at Mesa del Sol south of the city.
To date, UNM has received promises for $6.5 million in outside funding for Innovate Albuquerque.