October 12 Morning Rush: Netflix to get $4.5 million grant; promises to spend $1 billion

Mornings

1. It’s now up to the Albuquerque city council to vote on a proposal that would give Netflix $4.5-million to buy Albuquerque Studios. This comes after the Albuquerque Development Commission, voted to award the company the funds. Netflix requested the money from the city’s Local Economic Development Act fund. It would go to purchase the studios and refurbish the space. They also promise to spend $1 billion on film productions at the facility over the first ten years of operation. Netflix says it will also create up to 1,000 production jobs.

Full story: Netflix asks for $4.5 million grant; promises to bring in $1 billion
———————————————————————————————————————–
2. Fiesta officials say you can see changes to Park and Ride services for the final Fiesta days after hundreds were left without a ride last weekend. They’re now limiting the number of tickets bought online and not allowing same day online purchases. However, you can still buy tickets at Park and Ride locations.  Officials say they’ve also worked with APD and the city to address the timing of lights along routes to the park so buses aren’t left waiting in traffic.  Fiesta officials say Park and Ride service last Saturday was at an all-time high.

Full story: Improvements made to Park and Ride for last Balloon Fiesta weekend

———————————————————————————————————————–

3. A mostly cloudy and cool start to the day with morning temperatures in the 30s, 40s and 50s. Tropical Storm Sergio will continue to push moisture into the state through the day Friday.

Full story: Kristen’s Friday Morning Forecast

———————————————————————————————————————–

4. UNM is now addressing how to fill a funding gap caused by an enrollment shortfall.  According to The Albuquerque Journal, this year, the university was expecting a 2.5 percent drop in enrollment, but instead saw a 7.2 percent drop. The vice provost for enrollment management and analytics told the Board of Regents that several factors contributed including fewer students being admitted. Officials say they now have to fill a nearly $10 million budget gap from a lack of tuition and fees.

Full story: UNM officials must address budget gap after drop in enrollment

———————————————————————————————————————–
5. Food vendors are already out at Balloon Fiesta park gearing up for what’s sure to be another successful day of sales. KRQE News 13 has learned that on a good day, a vendor could sell hundreds or even more than a thousand breakfast burritos. With all the vendors combined, those numbers could reach the tens of thousands. Concessions open around 4:30 a.m. and there are about 40 vendors on vendor row.

Full story: Burritos, hot chocolate sales hit tens of thousands at Balloon Fiesta

———————————————————————————————————————–

Top Morning Stories

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

Latest Video

Now Trending on KRQE.com

Video Forecast

Erica's Friday Morning Forecast

More Weather Video Forecast
Albuquerque Hourly Forecast

Don't Miss

More Don't Miss