City council approves millions in bonds for two projects in Albuquerque | KOB 4
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City council approves millions in bonds for two projects in Albuquerque

Ryan Laughlin
October 15, 2018 10:25 PM

ALBUQUERQUE, N.M.— Two projects are getting millions of the dollars in bonds from the City of Albuquerque.

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The city council approved nearly $6 million in industrial revenue bonds for TaskUs. It has promised to bring at least 700 new jobs to Albuquerque.

The city council also approved $35 million worth of metropolitan revenue bonds for The Broadstone Northpoint Apartments. It will construct an apartment complex near San Mateo and Modesto.

The apartments are in an area that the city has been trying to develop.

“There are sometimes incentives to help the revitalization. Those residents that live there, with what's currently there, it's a major eyesore," said city councilor Ken Sanchez.

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Ryan Laughlin

Copyright 2018 KOB-TV LLC, a Hubbard Broadcasting Company. All rights reserved

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