City Council, June 15, 2026
Approved: Industrial Revenue Bond for Dreamcatcher Journal Center Hotel, unanimous
What happened
On June 15, 2026, Albuquerque approved Industrial Revenue Bond for Dreamcatcher Journal Center Hotel (unanimous).
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
Free sample: decision 1 of 12
LEDA project for Eden Pharmaceuticals LLC compounding pharmacy expansion
Approved O-26-36 supporting expansion of Eden Pharmaceuticals compounding pharmacy and fulfillment center at 8300 Carmel Avenue NE (Suites 601 and 602, approx 7,000 sq ft). Combined LEDA investment up to $400,000 ($300,000 state, $100,000 city); ~$2.7M private capital investment; commitment to create 56 new direct jobs at avg wage ~$69,000. Title amended to correct business name to Eden Pharmaceuticals LLC. Vote unanimous.
- Performance-based: capital investment, job creation targets (56 jobs), maintaining operations in Albuquerque, reporting requirements before public funds disbursed.
The other decisions are listed below. Available full write-ups and conditions are included with Pro.
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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)
Stormwater Utility Ordinance
Tax Increment Finance (TIF) Board ordinance
GRT ballot measure - Community Enhancement and Local Investment Tax
GRT enabling ordinance O-26-42
Revival of IDO amendment for cannabis and nicotine retail uses
Sunset Review Clause for boards and commissions
Repeal of inactive boards/commissions and GATC/GARTC merging task force
Crestview Bluffs Park Project grant acceptance
Full write-ups and conditions for all 12 decisions in Pro.
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…
3 additional market signals with full detail in Pro.
Who spoke
38 distinct speakers; 8 identified names.
All speaker roles: 3 Clerk, 9 Staff, 15 Councilmember, 8 Public, 1 Chair, 2 Applicant.
Identified name roles: 5 Staff, 1 Chair, 2 Councilmember.
Speaker sample: Clarissa Peña, Chair.
7 more identified names in Pro: 5 Staff, 2 Councilmember.
Full speaker roster in Pro
Meeting audio
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Audio in Pro
Zoning terms (12)
57 recorded timestamps
- approved (15 timestamps)
- denied (1 timestamps)
- land use (2 timestamps)
- zoning (5 timestamps)
- commercial (5 timestamps)
- industrial (15 timestamps)
Decision moments (12)
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Go deeper on this meeting
12 recorded decisions, 8 conditions across 8 decisions. Available full write-ups are included with Pro for Albuquerque.
Full write-up and conditions in Pro
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