Former Zangara dealership razed

car dealerships have been hit hard by the recession. and the new owners of an albquerque dealersh...  More »

car dealerships have been hit hard by the recession. and the new owners of an albquerque dealership hope a massive re- development project will help them bounce back in these troubling economic times. austin reed is live on the economy watch near lomas and wyoming. austin? equal to a full city block is where you'll soon see the new larry h. miller dealership. construction workers have minute thumbnail 12:01 pm started on phase one of the project. a project that's main goal is to help keep the duke city moving forward- despite these tough economic times ... "nats: demolishing building" 14:28 "this represents a big investment for the larry miller group, we have been in the state of new mexico for 21 years and we have 6 different dealership in the albq area and we think this particular facility, what we're investing here will make a tremendous difference" when zangara doge closed down back in february ...the larry h. miller dealership was awarded the dodge, chrysler, and jeep franchises shortly after. they've been operating out of zangara's older main building for the time being. but not for much longer... 08:15 "this is going to be fully landscaped, we're gonna clean up the back wall, there are 355 plants going in hear, all new concrete, paving, it's gonna be cleaned up... the building was in pretty bad shape" phase one of the project... "nats: demolition" includes demolition of the minute thumbnail 12:02 pm used car lot... phases two and three will consist of construction on a new 90,000 square foot sales and service facility, plus new parking lots and structures. -- this woman lives nearby, she says the re-devolpment will improve the look of her neighborhood, and help the economy... 01:59 "anything that gives more jobs and more income to new mexico is a good thing" and- larry h. miller's new general manager says for the car world, this is the perfect time to start investing again... 13:43 "we think by spring of next year, your gonna see the car market significantly improve from what it was back in 2009" the entire project is expected to be complete within a year from now. close to 50 new jobs will be posted as well. reporting live from lomas and wyoming, austin reed, eyewitness news 4 midday!  « Less