Master Plan & Development

Master Plan

The Master Plan and Design Guidelines was created to guide the redevelopment of the Railyard site as a unique Santa Fe district. Those authoring the document kept a keen eye on the past, while building upon the rich history of the railyard. Their intent was to bring the past into the present while emphasizing the Railyard’s importance as a center of transportation, an economic hub, and a focal point for arts and culture.

Because the electronic version of the Master Plan and Design Guidelines is a very large document, you have several choices when downloading to your computer.  Each chapter can be downloaded individually or, alternatively, you may elect to download the entire document. Click on the following link to begin downloading:

You may also download this document one section at a time (recommended). Use the links below to download each section (in order):

If you encounter problems downloading any of the above documents and would like assistance, please contact us.  When emailing, please provide a telephone number where we can reach you.

Railyard by the Numbers

  • 50 acres in total
  • 13 acres of public spaces (Park, Plaza, Alameda) – Conservation Easement
  • 37 acres of commercial development
  • $23 million for the land acquisition bond was paid off in 2010
  • Final build out will total 545,000 square feet in 38 buildings
  • 42 land parcels – 100% leased as of 2022
  • 22 privately owned buildings have been developed to date
  • 5 buildings are city-owned
  • 25 acres of commercial development in the North Railyard
  • 12 acres of commercial development in the Baca Street portion of the project
  • Total project value of $144 million is comprised of $74 million in public sector investments and $70 million invested by the private sector
  • The vast majority of funding was obtained from local government bonds and the private sector.
  • The State of New Mexico contributed $950,000 while the federal government provided $50,000 through a HUD grant.
  • The City of Santa Fe, by comparison, has invested $60.7 million.
  • The private sector will invest approximately $74 million in privately owned buildings as they are constructed.
  • Donations from private individuals and organizations totaling $6 million contributed to the construction of the Railyard Park, Plaza and Alameda.

Lease and Management Agreement

SFRCC’s Lease & Management Agreement with the City of Santa Fe was originally entered into in 2002 for a term of 10 years. The agreement was extended in 2011 through 2030, at which time all the city debt for Railyard development-related costs will be retired.

Financial Agreement

Through its rent paid to the City, SFRCC will pay for 30% of the land acquisition ($7 million) and 100% of the infrastructure cost ($18.9 million)

  • The fixed rental schedule is through 2029.
  • Annual rent paid to the City is $500K to $1.2 million.
  • After the infrastructure debt is paid in FY 2026-2027, SFRCC will pay a minimum of 50% of its net revenue to the City. The other 50% will be utilized for Railyard operations and enhancements.
  • The $23 million land acquisition bond was paid off by the City in 2010.
  • SFRCC’s rent to the city is repaying $18.9 million for City infrastructure debt.
  • SFRCC has paid $12.0 million to the City of Santa Fe through 2023.
  • SFRCC will pay the balance of $7 million by 2029, and thereby retire all of the remaining bond debt.

Funding

SFRCC funding sources breakdown, April 2008

Railyard Funding Explanations

New Mexico Finance Authority Loan – Phase I

This loan financed all engineering, design, and some construction of the City-owned infrastructure.

New Mexico Finance Authority Loan – Phase II

This loan finances the remaining balance of the design and construction costs associated with the city-owned infrastructure.

City of Santa Fe

Funding from the City of Santa Fe financed archaeological studies, environmental remediation, demolition of buildings specified in the Master Plan, portions of the design and construction for parking, public works, and specific needs associated with hiking and biking trails.

State Economic Development

This money covered services necessary for planning, designing, and engineering the Railyard according to the Railyard Master Plan. $250,000 of this grant was used to design the Railyard Plaza and Alameda by using a subcontractor to benefit The Trust for Public Land (who also built the Railyard Park).

U.S. Housing and Urban Development

This grant covered the design and construction of several improvements to the Railyard.

State Capital Outlay

This money covered services necessary for planning, designing, and engineering the Railyard according to the Railyard Master Plan. It also provided for financial and marketing services that are necessary to the overall development.