Albuquerque city councilors may consider some of their biggest financial decisions of the year when they meet Wednesday, a few days later than usual because of the Labor Day holiday. The meeting could include a massive industrial revenue bond for a nuclear fusion facility, along with votes on previously deferred housing initiatives.
Nuclear fusion development bonds
The council will likely introduce legislation to authorize up to $776.6 million in taxable industrial revenue bonds for the Pacific Fusion Project, $1 billion research and development headquarters at Mesa del Sol
Pacific Fusion Corporation plans to build its research and development headquarters in Albuquerque, creating 224 high-paying jobs with salaries from $115,000 to $215,000.
The California-based company selected Albuquerque as a finalist and plans a 225,000-square-foot facility to house its “Demonstration System,” using pulsed magnetic fusion technology. Construction could start in early 2026, with operations by mid-2027…