Gallup Land Partners Sells Property to Navajo Nation
12 Dec 2022
GALLUP, N.M., Dec. 09, 2022 (GLOBE NEWSWIRE) -- Gallup Land Partners, LLC has sold 571 acres of land in Gallup, New Mexico, to the Navajo Nation. This parcel, which borders the City of Gallup, New Mexico, is being considered as a site for the new Gallup Indian Medical Center and ancillary healthcare services, along with housing and commercial development. The property is just west of U.S. Highway 491 and lies along the newly-paved Carbon Coal Road.
The historic transaction is the result of nearly two years of negotiations between Gallup Land Partners and the Navajo Nation administration, led by President Jonathan Nez. The agreement was reviewed and approved by the Navajo Division of Natural Resources and supported by the 24th Navajo Nation Council's Resource and Development Committee.
"Gallup Land Partners is excited about President Nez's vision to keep this land as fee simple to allow for streamlined economic development and traditional home ownership and mortgage financing," commented Jacob Bracken, Chief Executive Officer of HG Management, the company that manages Gallup Land Partners.
Continue reading here.