Ledes from the Land of Enchantment

Vote confuses funding for planned Albuquerque stadium

ALBUQUERQUE, NM (AP) – Albuquerque voters may be confused about how to fund a proposed stadium. That’s because the vote contains inconsistent statements about the nature of the city’s $ 50 million stadium loan proposal. The reports that the vote is initially referring to the project funding as “Gross Income Tax Revenue Bonds.” However, the place where voters mark their ballots relates to general obligations. Officials say they do not know how the mix-up came about and that it is not a legal problem. The New Mexico United soccer team has announced they will pay $ 10 million upfront to build the stadium.

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