City of Albuquerque - File #: R-18-28

• File #: R-18-28
• Type: Resolution
• Status: Enacted and Published
• File created: 4/16/2018
• In control: City Council
• Final action: 6/18/2018
• Enactment date: 6/21/2018
• Enactment #: R-2018-035
• Title: Relating To Economic Development Assistance In Support Of A Proposed Topgolf Project At The Former Beach Water Park Site Near The Intersection Of I-25 And Monta?o Boulevard; Amending The Capital Improvements Program Of The City Of Albuquerque (Sanchez, Pe?a, Gibson)

Date	Action By	Action	Result
6/21/2018	City Clerk	Published
6/18/2018	City Council	Override
6/15/2018	Mayor	Vetoed
6/5/2018	City Council	Sent to Mayor for Signature
6/4/2018	City Council	Passed as Amended	Pass
6/4/2018	City Council	Amended	Pass
5/21/2018	City Council	Accepted with a Recommendation Do Pass
5/14/2018	Finance & Government Operations Committee	Sent to Council with a recommendation of Do Pass	Pass
4/16/2018	City Council	Introduced and Referred
4/16/2018	President	Referred

CITY of ALBUQUERQUE
TWENTY THIRD COUNCIL


COUNCIL BILL NO. R-18-28 ENACTMENT NO. ________________________

SPONSORED BY: Ken Sanchez, Klarissa J. Pe?a, and Diane Gibson


RESOLUTION
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Relating To Economic Development Assistance In Support Of A Proposed Topgolf Project At The Former Beach Water Park Site Near The Intersection Of I-25 And Monta?o Boulevard; Amending The Capital Improvements Program Of The City Of Albuquerque (Sanchez, Pe?a, Gibson)
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RELATING TO ECONOMIC DEVELOPMENT ASSISTANCE IN SUPPORT OF A PROPOSED TOPGOLF PROJECT AT THE FORMER BEACH WATER PARK SITE NEAR THE INTERSECTION OF I-25 AND MONTA?O BOULEVARD; AMENDING THE CAPITAL IMPROVEMENTS PROGRAM OF THE CITY OF ALBUQUERQUE.
WHEREAS, Topgolf has become the premier golf entertainment concept; and
WHEREAS, Topgolf combines sports and entertainment facilities centered on golf and provides a social entertainment experience that appeals to all, regardless of their skill or ability; and
WHEREAS, Topgolf is played with real balls and clubs and uses patented technology to score shots based on their accuracy and distance, allowing a series of competitions to be played, and transforming what can be a mundane visit to a traditional driving range into a fun, unique entertainment experience with universal appeal; and
WHEREAS, Topgolf attracts serious golfers because of its use of real-time feedback on the accuracy and distance of their golf shots while casual players, even people who have never played golf, are enticed by the uniquely competitive and social elements of the Topgolf experience; and
WHEREAS, corporate and other groups are drawn by the opportunity of a dynamic group experience in an exciting and contained venue that includes restaurant, bar and event facilities; and
WHEREAS, an estimated $38.8 million will be invested in the facility for land and construction activities: land - $5.3 million; site improvements - $3.8 million; building and other real p...