Albuquerque Set To Join The Millionaire's Club

<p>Rapid development is expected to bring the population of Albuquerque, New Mexico, over the 1 million mark within 15 years.</p>
September 18, 2007, 1pm PDT | Nate Berg
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"It won't be long - about 14 years prognosticators say - before the Albuquerque metropolitan area will reach a population of 1 million."

"But what does the Albuquerque area need to do to prepare?"

"What does it mean to hit the 1 million mark?"

"Reaching 1 million would put Albuquerque in an exclusive, if growing, club. U.S. Census Bureau data shows about 50 metropolitan statistical areas in 2006 had a million or more people - from New York City's nearly 19 million, to Salt Lake City, which reached the million mark in 2002."

"The Albuquerque metro area, now with about 830,000 people, will join the 1 million club sometime in late 2020 or early 2021, according to projections from the University of New Mexico's Bureau of Business and Economic Research."

"Brookings projects that by 2030, more than 45 percent of all housing units and 63 percent of all commercial and institutional square footage in New Mexico will have been built since 2000 - a measure of the state's rapid growth, the majority of which comes from the Albuquerque metro area."

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Published on Monday, September 17, 2007 in The Albuquerque Tribune
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