City and state might swap land; S.F. might get parcel near former college
The city of Santa Fe could obtain roughly 20 acres of state property on and abutting the former College of Santa Fe campus in a land transfer intended to help facilitate redevelopment on the large city-owned site off St. Michael’s Drive in the center of town.
Under terms of the proposed trade, the state would get title to a 36-acre parcel owned by the city at 4491 Cerrillos Road, where the New Mexico State Police is headquartered. The city has leased the property — also home to the state police law enforcement academy — to the state for $1 a year since signing a 99-year lease in October of 1968, according to a city memo.
The Cerrillos Road property is appraised at $6.68 million.
The state land that would be transferred to the city is cumulatively appraised at $6.49 million, a difference of a little less than $200,000.
The tracts the city would receive total 29.3 total acres, most of it in the rear of the midtown campus, some of it abutting the Higher Education Center. Also included in the swap are state-owned lots comprising 9.8 acres on Camino Entrada.
City staff say the land acquisitions at the midtown campus will help as officials chart a mixed-use future on what was most recently home to the Santa Fe University of Art and Design, which shuttered earlier this year.
A message seeking comment from a spokesman for the state General Services Department was not returned.
The city Finance Committee advanced the transfer Monday night on a 3-0 vote; Councilor Mike Harris abstained, urging his colleagues to hold off on the deal and consider other properties.
“I would rather make a proposal where we’re asking the other side to step away from $200,000 rather than asking us to step away from $200,000,” Harris said.