City Council, August 17, 2026
Approves Industrial Revenue Bond for Dreamcatcher Sawmill Hotel, 8-1
What happened
The Albuquerque City Council approved four economic development LEDA/IRB projects: the $40.5M Dreamcatcher Sawmill Hotel IRB (O38, approved 8-1), and LEDA awards for Securin cybersecurity (O52, unanimous), Quantinium quantum computing (O53, unanimous), and BlackVee satellite manu…
- Jurisdiction
- Albuquerque, NM
- Governing body
- Final authority
- Date
- August 17, 2026
- Decisions
- 13 zoning decisions
- Outcome
- Approved, 8-1
Projects in this meeting (1)
A project bundles every related decision, across hearingsAppeal of ZHE approval of overnight shelter
Denied 7-1Free sample: decision 1 of 13
Veto override of R2630 city attorney charter amendment
Vice President Champagne moved to override the mayor's veto of R2630, a proposition amending Article 5, Section 4 of the city charter concerning the city attorney's independence and removal. The override motion failed 4-5. Councilor Baca stated he would vote to uphold the veto.
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 approved four economic development LEDA/IRB projects: the $40.5M Dreamcatcher Sawmill Hotel IRB (O38, approved 8-1), and LEDA awards for Securin cybersecurity (O52, unanimous), Quantinium quantum computing (O53, unanimous), and BlackVee satellite manu…
Key Decisions (13)
Veto override of R2630 city attorney charter amendment
Industrial Revenue Bond for Dreamcatcher Sawmill Hotel
LEDA project for Securin Inc.
LEDA project for Quantinuum Continuum LLC
LEDA project for BlackVee Inc.
Appeal of ZHE approval of overnight shelter conditional use at 2300 Yale Blvd SE
Development agreement for Uptown Connect affordable housing project
Amendment to public purchases ordinance re: social services definition
Zone map amendment at 6000 Alexander Blvd NE
Amendment to city attorney and legal department ordinance
Amendment to budget proposal ordinance
Capital outlay funding for Cottages at 161 Chama affordable housing
Water project fund grant agreement
Zoning Changes (1)
Development Activity (7)
Dreamcatcher Sawmill Hotel
Commercial
Securin cybersecurity facility
Commercial
Quantinuum quantum computing R&D center
Industrial
Market Signals (6)
Commercial Demand
Strong demand for mid-scale hotel lodging in the Old Town/Sawmill…
Commercial Demand
Albuquerque is positioning as a hub for quantum computing, aerospace/defense,…
Housing Demand
Acute demand for deeply affordable housing (below 40% AMI) with…
Who Spoke (40)
On the record: a staff member, the clerk, 3 applicants, the applicant's representative, and a member of the public.
Agenda scorecard
Our pre-meeting forecast, graded against the recorded vote2300 Yale Blvd conditional use permit
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