City councilors approve $4.5M in incentives to bring Netflix to Albuquerque
October 18, 2018 10:16 PM
ALBUQUERQUE, N.M. – The potential deal to bring Netflix – along with millions of dollars and hundreds of jobs – to the Duke City cleared a major hurdle with city leaders Thursday night.
Albuquerque City Council unanimously approved a $4.5 million incentives package for the online streaming giant to come to town. The vote was done in a special meeting with the primary focus being the incentives package.
"We will immediately start crafting a workforce training partnership with Netflix and Netflix will begin their internal assessments of titles and timelines and productions they plan to bring to Albuquerque," said Alicia Keyes, a liaison at the Albuquerque Film Office.
Following the vote, Mayor Tim Keller commended city councilors for "moving so quickly in acting on the deal we reached to bring Netflix to Albuquerque."
"Our partnership with Netflix will make our city a hub for film, while creating good-paying jobs with training accessible to Burqueños from all walks of life," he added.
As part of the deal, Netflix would buy Albuquerque Studios, turning it into a home base for the California company. Several Netflix shows have filmed in the Land of Enchantment, including "Longmire." Among the Netflix productions currently shooting in the state are "Chambers" and "Messiah."
Fiscal researchers at the University of New Mexico released a report stating the city's investment in Netflix would pay off in major ways down the road, including providing much-needed stability to the state's back-and-forth film industry.
The potential economic domino effect of the deal is also creating optimism that new life would be breathed into a long-gestating neighborhood project once regarded as the city's most promising region.
Updated: October 18, 2018 10:16 PM
Created: October 18, 2018 06:11 PM
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