The City of Albuquerque has generously leased property to UNM for $1
Albuquerque, NM- Today marks the one year anniversary that the College of Fine Arts (CFA) has started programming regular student exhibitions and events in the City owned building at 113 4th St. NW. The City of Albuquerque and UNM CFA collaboratively entered into a lease agreement, where CFA occupies the space for the amount of $1 a year. In respect to the one year anniversary, The University of New Mexico and the City of Albuquerque Department of Municipal Development conducted a ceremonial dollar transfer at the Downtown CFA studio today (photo attached).
“In conjunction with Mayor Richard L. Berry’s plan to revitalize downtown Albuquerque, we are fortunate to have a tenant that brings core creativity to downtown,” said Deputy Director for the Department of Municipal Development, Greg Smith. “It has been a wonderful public partnership and keeps the innovative and creative chain open from UNM to Downtown Albuquerque.”
In fall 2015, the lease was approved by council. This partnership has revitalized a space that has struggled for many years.
“UNM’s College of Fine Arts Downtown Studio represents a goal of mine, to bring our College artists and musicians into the downtown community,” said UNM College of Fine Arts Dean Kymberly Pinder. “Working with the City of Albuquerque, the CFA Downtown Studio has been a successful and engaging experiment, especially by showcasing our students and faculty beyond main campus and adding to the lively contemporary art scene downtown.”