A “YES” VOTE FOR AN ORDINANCE IN ALBUQUERQUE APPROVING MILLIONS OF DOLLARS OF LOCAL ECONOMIC DEVELOPMENT ACT MONEY AND INCENTIVES FOR A SPORTS AND ENTERTAINMENT FACILITY. THE ALBUQUERQUE CITY COUNCIL’S FINANCE AND GOVERNMENT OPERATIONS COMMITTEE APPROVED IT MONDAY NIGHT.
THE PROPOSED ORDINANCE SPECIFICALLY ASKS TO WAIVE CONFLICTS BETWEEN THE PROPOSAL AND THE LOCAL ECONOMIC DEVELOPMENT ACT. ALBUQUERQUE’S ECONOMIC DEVELOPMENT DEPARTMENT HAD NO “SAY” ON THIS, AS REQUIRED BY LEDA. THE PROPOSAL ALSO DOESN’T FOLLOW OTHER STANDARDS SET BY LEDA.
THE FACILITY THAT INCLUDES TOPGOLF OF DALLAS LACKS A REQUIREMENT THAT TOPGOLF BRING IN AND MAINTAIN JOBS AND STAY IN OPERATION FOR 10 YEARS. AND THE PENALTIES IMPOSED FOR NOT MEETING THOSE REQUIREMENTS WERE WAIVED.
THE FULL COUNCIL WILL HEAR THE ORDINANCE ON JUNE 4TH.
