Did  you have to work in December? 


Assistant Editor-Albuquerque Business First


A project designed to bring restaurants and stores to the University of New Mexico’ssouth campus is being delayed, according to the Albuquerque Journal.

Regents Monday approved a 30-day deadline extension for an agreement on the value of about 50 acres off Avenida César Chávez and University SE, with Ohio-based Fairmount Properties, the developer chosen to build the project, the Journal reported. Fairmount will lease the land from UNM and develop numerous restaurants, shops and other establishments.

UNM joined with Fairmount in December, establishing a 60-day deadline to agree on the value of the lease.

“The problem is that over the Christmas break, everybody got behind so they couldn’t get it finished until late last week, so the regents haven’t had a chance to look at it,” regent Jamie Koch told the Journal.

Fairmount delivered a first draft of the agreement on Dec. 15. According to a UNM report, the school reviewed it over the winter break and sent back a revised version on Jan. 25. UNM then met with Fairmount in person a few days later to discuss the lease.