The University of New Mexico (UNM) announced the inclusion in the South Campus Tax Increment Development District (TIDD). The tax revenues generated by this enterprise will contribute to funding public infrastructure, including roads, utilities, and public facilities, in the specified area.
In-N-Out Burger anticipates its opening in 2027. This new dining choice is expected to enrich the district's vibrancy and create a welcoming environment for students, faculty, staff, and the local community. According to a press release by UNM, In-N-Out Burger's presence will yield positive impacts such as job creation and contributions to local economic growth and community service.
"We are excited to welcome In-N-Out Burger to the South Campus Tax Increment Development District," said Teresa Costantinidis, executive vice president for Finance and Administration at UNM according to a press release by UNM. "This addition marks a significant step in our ongoing development and growth, contributing to job opportunities and enhancing our community. It aligns perfectly with UNM's commitment to advancing New Mexico, including promoting sustainability, economic development, and community engagement."
Furthermore, In-N-Out Burger's active involvement in local events charitable initiatives, sponsorships is expected to significantly enhance community engagement in Albuquerque. Additionally ,the introduction of In-N-Out Burger will contribute towards affordable dining options fostering accessibility and vibrancy within the South Campus TIDD for students faculty local residents alike according to a press release by UNM.
"The addition of In-N-Out Burger to the South Campus TIDD is another exciting step in making productive use of UNM’s public properties for the benefit of the University’s academic service athletic research missions," said David Campbell executive director of Lobo Development Corporation according to a press release by UNM."Stand by for future announcements as excitement builds in Lobo Nation."
