City Council, June 15, 2026
Approves Industrial Revenue Bond for Dreamcatcher Journal Center Hotel, unanimous
What happened
The Albuquerque City Council approved two LEDA/IRB economic-development items: it approved ordinance O-26-36 (Eden Pharmaceuticals LLC) supporting a compounding pharmacy expansion at 8300 Carmel Ave NE with combined $400,000 in LEDA funds, unanimously, and approved O-26-37, a $25…
- Jurisdiction
- Albuquerque, NM
- Governing body
- Final authority
- Date
- June 15, 2026
- Decisions
- 12 zoning decisions
- Outcome
- Approved, unanimous
Meeting Summary
The Albuquerque City Council approved two LEDA/IRB economic-development items: it approved ordinance O-26-36 (Eden Pharmaceuticals LLC) supporting a compounding pharmacy expansion at 8300 Carmel Ave NE with combined $400,000 in LEDA funds, unanimously, and approved O-26-37, a $25…
Key Decisions (12)
LEDA project for Eden Pharmaceuticals LLC compounding pharmacy expansion
Industrial Revenue Bond for Dreamcatcher Journal Center Hotel
Industrial Revenue Bond for Dreamcatcher Sawmill Hotel
Savio Ridge Public Improvement District (Pulte Homes)
Development Activity (4)
Eden Pharmaceuticals compounding pharmacy and fulfillment center
Commercial
Dreamcatcher Journal Center Hotel (Home2 Suites by Hilton)
Commercial
Dreamcatcher Sawmill Hotel (dual-branded Hampton Inn and Home2 Suites)
Commercial
Savio Ridge subdivision (Public Improvement District)
Residential
Market Signals (6)
Commercial Demand
Two hotel IRBs (103-room and 135-room) requested in the Journal…
Housing Demand
Council emphasized need to increase housing supply (Savio Ridge PID…
Infrastructure
New stormwater utility ordinance establishes a stormwater service fee and…
Who Spoke (38)
On the record: the chair, 6 councilmembers, 6 staff members, 2 applicants, and 7 members of the public.
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