ALBUQUERQUE, N.M. (KRQE) – Albuquerque City Councilors have made a final decision on funding for the NBCUniversal project. The media giant announced its opening in a studio in Martineztown.
The $1.1 billion deal with the state includes a goal for the company to spend $500 million on productions here over the next 10 years. The City of Albuquerque has pledged to give NBC $3 million from its LEDA fund.
Monday night, City Council voted unanimously to approve the deal. To read the proposal, click here.