CONTRACTPENDING

Albuquerque Eyes $115M Bond for Cinelease Studio Project

City of Albuquerque logoCity of Albuquerque
Disclosed value
$115,000,000
From agenda
Document date
Aug 5, 2024

The 30-second brief

What it covers

The City of Albuquerque is considering issuing a Taxable Industrial Revenue Bond for Cinelease LLC, up to $115,000,000. This bond will finance the construction and equipping of a sound stage facility and related property to support film and television production in the city.

Who holds it

CINELEASE holds this construction contract with City of Albuquerque.

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Contract details

Contract type
Construction
Amount
$115,000,000
Document date
August 5, 2024
Term
NA
Vendor
CINELEASE
Source document
city_of_albuquerque_council_meeting_agenda_august.pdf (Agenda)

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Questions about this contract

Who was awarded the construction contract by City of Albuquerque?

CINELEASE was awarded this construction contract by City of Albuquerque, as recorded on August 5, 2024. The contract value is $115,000,000.

How much is the CINELEASE contract with City of Albuquerque worth?

The CINELEASE contract with City of Albuquerque is valued at $115,000,000, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city_of_albuquerque_council_meeting_agenda_august.pdf (Agenda), dated August 5, 2024 from City of Albuquerque. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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