Editorial: County makes right move on new training academy &

Editorial: County makes right move on new training academy » Albuquerque Journal


It’s a necessary move and a smart way to do it.
Bernalillo County has inked its first “build to suit” agreement that will give the county a new, custom-built training facility for sheriff’s deputies, firefighters and EMTs. Developer FireEd LLC will front the building costs for the 40,981-square-foot training academy in the South Valley and the county will lease the building for 30 years, starting at $1.6 million a year.
The county opted for the lease arrangement rather than pay for construction by issuing bonds. The county already has issued more than $40 million in bonds to help fund its new administrative headquarters Downtown, and paying up front costs for the academy would have reduced future borrowing capacity. Demand for bonded projects going forward is a certainty as the county is responsible for facilities such as District Court.

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