Albuquerque Development Commission wants Topgolf offer revised


The city is putting the brakes on a sweet deal for Topgolf.

A city council committee approved more than $2.6 million of incentives for the sports entertainment company to build a three-story building near I-25 and Montano.

Mayor Tim Keller called them out for not following all the rules when offering incentives called LEDA Funds.

The current deal doesn’t have job requirements or clawback clauses to prevent companies from taking taxpayer handouts and leaving town without fulfilling its obligations.

Thursday, the Albuquerque Development Commission which gives advice to the council on public projects says Topgolf has to play by the rules if they want LEDA money.

“We were able to bring forward our concerns in regards to making sure the taxpayer investment was going to be protective, that there were the clawbacks and protections and safeguards that are standard in usual city documents,” said Deirdre Firth of the Economic Development Department.

The commission wants the offer to be revised.

It will then review it before sending it to the council for a final vote.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest Video

Video Forecast

Connor's Saturday Evening Forecast

More Weather Video Forecast
Albuquerque Hourly Forecast

Don't Miss

More Don't Miss