Writer: Justin Bannister, 575-646-5981, firstname.lastname@example.org
A mile-long extension of Payne Street through New Mexico State University's Arrowhead Business and Research Park is now open. The new road, and its accompanying underground utilities, will allow for the park's continued growth and better connect it with the rest of campus.
"Without this road, we couldn't continue developing the park," said Garrey Carruthers, dean of the NMSU College of Business and vice president for economic development. "This road lays the infrastructure necessary to help us attract the kinds of companies that hire our students, offer internships and create jobs in the region."
The 257-acre business and research park is located on the south end of NMSU's Las Cruces campus between Interstates 10 and 25. The new road extension stretches south, through the park, from the intersection of Payne and Wells streets to Sam Steel Way.
"Academically, this research park is a place where our students will eventually be engaged in hands-on applications, working with companies in search of solutions that they have identified in the classroom," said Kevin Boberg, CEO of the Arrowhead Center. "Economically, it's estimated that once fully developed, the entire research park could contain more than two million square feet of office and lab space where 5,000 to 6,000 people would work. This road enables us to realize those benefits."
The road project represents nearly $2 million in investments, including a $900,000 grant from the U.S. Economic Development Administration. Other money for the project came from the state of New Mexico, local road funds, the New Mexico Department of Transportation and NMSU.
The first 11 acres of the park under development are adjacent to the new road. The most recently completed building, Spaceplex 2, is home to General Dynamics and opened last summer. The park's next building will be more than 8,000 square feet and broken into smaller, 1,700-square-foot pads for businesses intending to establish themselves before jumping into larger spaces. That building is currently under construction with an occupancy date set for later this summer.
Other plans for the research park include working with the Las Cruces Public School District to construct an early college high school where high school students could take college-level courses for credit.
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