Wednesday, Jun 18, 2025 10:59 AM Updated Wednesday, Jun. 18, 2025 11:00 AM
The Albuquerque City Council unanimously approved a quarter-billion-dollar tax break at the June 16 City Council meeting for a three-part luxury development in the Sawmill District, despite public pushback over affordable housing, fair wages and developer accountability.
The City Council voted unanimously Monday to approve industrial revenue bonds for three projects, a hotel, extended-stay suites and an apartment-retail complex proposed by developer Jim Long, whose company will receive a 70% property tax abatement over 20 years.
“We’re just very fortunate,” said Councilor Dan Lewis, “I mean, our city is fortunate to have people that are from Albuquerque, that invest, their hard-earned money, their investment, their name, their reputation, to create just phenomenal cultural places that are providing housing, just some amazing facilities that are just going to lift up the whole city.”…