The City of Albuquerque's Economic Development Department announced that Old Town. The city's tourist-anchored historic core, built around adobe-era architecture and museum-adjacent retail. Is moving forward with Business Improvement District formation. It's a corridor type Plat Street hasn't yet covered: heavily tourism-dependent, low year-round residential density, and an assessment base concentrated among small independent retailers rather than institutional property owners.

Watch: The petition and ordinance timeline, and how the district structures an assessment methodology for a corridor dominated by small retail and nonprofit museum uses rather than large commercial owners.

Source: City of Albuquerque Economic Development Department, June–July 2026

Duplicate check: New formation added to the tracker.