ALBUQUERQUE, N.M. (KRQE) – New Mexico United is one step closer to seeing a stadium at Balloon Fiesta Park after a 7-2 vote from Albuquerque City Council to approve a lease agreement Monday night.
At Monday’s meeting, community members filled the council chambers to discuss the lease agreement that would allow United to build a stadium at Balloon Fiesta Park. Some voiced support for the proposal, while others spoke against it.
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Under the agreement, United would spend $30 million to build an 8,000 to 10,000 seat stadium on a seven-acre plot at Balloon Fiesta Park. No city funds will be used for the stadium, but the city will put up $13 million in state funding toward other upgrades at the park.
The team will pay the city $35,000 per year over the 30 year lease term. If approved by the United Soccer League, construction will begin by the end of September 2024.