City Council, August 3, 2026
Votes on Industrial Revenue Bond for Dreamcatcher Sawmill Hotel, 7-2
What happened
The Albuquerque City Council took no final zoning approvals but deferred the marquee item, O2638 (Dreamcatcher Sawmill Hotel Project Series 2026, a $40,520,267 industrial revenue bond for a 135-room dual-branded Hampton Inn and Home2 Suites in the Sawmill District), to August 17…
- Jurisdiction
- Albuquerque, NM
- Governing body
- Final authority
- Date
- August 3, 2026
- Decisions
- 16 zoning decisions
- Outcome
- Deferred, 7-2
Free sample: decision 1 of 16
Industrial Revenue Bond for Dreamcatcher Sawmill Hotel
Authorizing issuance/sale of a taxable industrial revenue bond, Dreamcatcher Sawmill Hotel Project Series 2026, maximum principal $40,520,267, to acquire, construct, equip and improve a dual-branded Hampton Inn and Home2 Suites with an anticipated 135 guest rooms in the Sawmill District. Neighbors (Sawmill Community Land Trust, Sawmill Area Neighborhood Association) objected to five-story height and traffic on 18th Street. Deferred to August 17 so the developer and land trust can meet directly. Vote 7-2 (dissenters Besson and Grout).
The other decisions are listed below by title. The full write-up, verbatim conditions, and the audio at each vote are in Pro.
Meeting Summary
The Albuquerque City Council took no final zoning approvals but deferred the marquee item, O2638 (Dreamcatcher Sawmill Hotel Project Series 2026, a $40,520,267 industrial revenue bond for a 135-room dual-branded Hampton Inn and Home2 Suites in the Sawmill District), to August 17…
Key Decisions (16)
Industrial Revenue Bond for Dreamcatcher Sawmill Hotel
IDO amendment restricting cannabis and nicotine retail uses
HomeWise Inc. homeowner rehabilitation contract
Appeal of chair's ruling on gross receipts tax ballot ordinance R58
Amending secondhand catalytic converter / recycled materials ordinance
Increasing convenience center / landfill disposal fees for non-city residents
Consolidated Accountability and Government Ordinance (AGO)
Amending the Whistleblower Ordinance
Charter amendment proposition on city attorney/clerk appointment (P bill)
Companion resolution for city attorney/clerk charter amendment (R bill)
Amending capital implementation program - supplementing grant appropriations
Dedicating state capital outlay funds to specific projects
Social services agreement with New Mexico Veterans Integration Centers
Increase funding for substance abuse treatment voucher contract - Albuquerque Behavioral Health
Increase funding for substance abuse treatment voucher contract - Engender Inc.
Water project fund grant agreement with New Mexico Finance Authority (R54)
Development Activity (4)
Dreamcatcher Sawmill Hotel Project Series 2026
Commercial
Endorphin Power Company campus renovation
Institutional
Serenity Mesa transitional housing renovation
Residential
District 6 Food and Security garden facility
Other
Market Signals (5)
Commercial Demand
Strong local business and hospitality-industry support for a mid-priced 135-room…
Housing Demand
Seniors at Gateway West being priced out by rent increases…
Sentiment
Cannabis GRT grew 16% (down from 33.7%) and remains a…
Who Spoke (35)
On the record: the chair, 8 councilmembers, 3 staff members, an attorney, a witness, and 3 members of the public.
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