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Tesla not coming to NM for now, but funds are ready for the next big deal

Updated: 09/04/2014 5:16 PM | Created: 09/04/2014 5:05 PM
By: Stuart Dyson, KOB Eyewitness News 4

ALBUQUERQUE -- It's time to lay down the hankies and quit boo-hooing. So Tesla passed over New Mexico and chose Nevada as the site for its gigantic new "gigafactory" and 6,500 new jobs. This isn't a busted marriage or even a prom date gone badly. It's business, and business isn't about emotions and feelings. It's about money, and Albuquerque has a pile of it ready to shove on the table for the next deal.

How about $30 million available in bonding capacity for other big employers' "closing funds" if they locate here? Albuquerque has never had that kind of money in play before, but it's there right now, thanks to a mayor and city councilors who wanted Tesla that much.

"We have some other opportunities on the table today that we can use some of that for in closing funds," said Mayor Richard Berry. "It's part of the equation. It's not all of the equation, but I think people should know that we're being very aggressive."

The mayor says even the game with Tesla itself isn't over. The company has tantalized New Mexico with talk of breaking ground on a second site in a different state, and possibly even a second factory. Guess who's on board with that?

"Hey look, Tesla is a great company and we would love to have them in Albuquerque, and I know we would love to have them anywhere in New Mexico. We wish them well with their endeavors. This isn't a hard feelings thing," Berry said.

At this point, a lot of us are remembering 2007, when Tesla pulled the plug on plans for locating an auto assembly plant in Albuquerque. Okay. Sometimes those hard feelings are hard to get over. But in big business and economic development, you have to develop a pretty thick skin if you want to survive. So let's survive. Next!


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