THE NETFLIX PURCHASE OF ALBUQUERQUE STUDIOS ANNOUNCED EARLIER THIS WEEK IS NOT QUITE A DONE DEAL. MONDAY NIGHT, THE CITY COUNCIL WILL CONSIDER A PROPOSAL TO SPEND FOUR AND-A-HALF MILLION DOLLARS IN ECONOMIC DEVELOPMENT MONEY AS PART OF THE PROPOSAL. AND GIVEN THE OVERALL ECONOMIC IMPACT, COUNCIL PRESIDENT KEN SANCHEZ IS ASKING FOR IMMEDIATE ACTION.
THE STATE OF NEW MEXICO, MEANWHILE, IS CHIPPING IN TEN MILLION DOLLARS IN LEDA, OR LOCAL ECONOMIC DEVELOPMENT ACT FUNDING. SANCHEZ CALLS IT A GOOD INVESTMENT FOR TAXPAYERS.
