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Albuquerque City Council approves soccer stadium bond to go on November ballots

By a 7-2 vote, Albuquerque city councilors passed a resolution Monday night to put a $50 million gross receipts tax bond in the hands of voters. That $50 million would be essentially an initial budget to build a multi-purpose soccer stadium with the New Mexico United as its primary tenant.

The thumbs-up did not come without many questions from city councilors about how much the stadium would cost, what guarantees…

Source: The Business Journal

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