✖ Close Social Content

TopGolf Breaks Ground on New Facility

02/27/2019

TopGolf Inc., a Dallas-based company, broke ground on its latest entertainment venture in Albuquerque.

TopGolf will be located in the old water park lot, near Montano and I-25, which has been vacant since the park closed 14 years ago.

At its June 26, 2018 administrative meeting, the Bernalillo County Commission approved $1.75 million in Local Economic Development (LEDA) grants for Albuquerque Investors, LLC, doing business as TopGolf.

Under the terms of the LEDA grants, Top Golf will create at least 200 jobs with 132 of those being full-time employees with 100 percent of their benefits paid.

“This is a big win for our community,” says County Commissioner Steven Michael Quezada. “Residents get jobs and entertainment, the state, county, and city realize tax revenue and TopGolf brings its business model to town and improves the quality of life.”

The $1.75 million LEDA grant package would be distributed as follows:

  • $250,000 - a $250,000 local LEDA grant will be made available to Top Golf after it breaks ground and starts construction. The $250,000 will come from funds generated through industrial revenue bonds. No general fund money is used for this purpose.
  • $1.5 million - the county will reimburse 50 percent of Top Golf’s paid gross receipt taxes until the reimbursement amount reaches $1.5 million.

The Top Golf facility is slated to have a driving range with 72 hitting bays, food and adult beverages.

Construction is expected to be completed in summer of 2020.

Click the image below to see a slideshow from the event. 

TopGolf Groundbreaking>

back to list
View All Events
  • NOTICE IS HEREBY GIVEN that a public hearing pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended, will be held on behalf of the Board of County Commissioners of Bernalillo County, New Mexico (the “County”) on April 23, 2019 at 2:00 p.m. local time, at the offices of Sherman & Howard L.L.C., 500 Marquette Avenue Northwest, Suite 1203, Albuquerque, New Mexico 87102, in connection with the issuance by the County of its tax-exempt Multifamily Housing Revenue Bonds (Marbella Apartments Project), in the maximum aggregate principal amount of not to exceed $11,000,000 (the “Bonds”).
    Location:
    Sherman & Howard L.L.C., 500 Marquette Avenue Northwest, Suite 1203, Albuquerque, New Mexico 87102
    Time:
    4/23/2019 2:00 PM

Powered by Real Time Solutions - Website Design & Document Management