Round Rio Rancho

NM House Bill 110 was introduced in the Round House on January 20, 2011. The bill proposes to amend the Metropolitan Redevelopment Act to allow the City of Rio Rancho to have limited powers of eminent domain condemnation. When Amrep Corporation first developed Rio Rancho, the entire city was platted (divided) into thousands of oddly shaped lots, including many which spanned arroyos and were nowhere close to utilities or amenities. These lots were most often sold to individual buyers from across the country.

In order to install streets, curbs, sewer and water lines to an area, it usually take development of a significant number of lots into a neighborhood. Trying to purchase even a hundred different lots from a hundred different owners can become a nightmare. Just a couple of holdouts can keep a project from moving ahead, and without a project, there is no planning. Without planning you can get chaos.

The video is of a presentation given by Mike Skolnick from Excalibur Realty at a recent meeting of the Executive Association of Greater Rio Rancho. Mike is an expert in land assemblage for development in the Rio Rancho, NM area. He gives an extensive history of the beginnings of Rio Rancho, a description of the bill now before the Legislature, and some of the difficulties the bill might solve and/or create.