Developers throwing money into race for mayor

Crime makes headlines, but more pragmatic considerations may explain the money flowing into the Albuquerque mayoral race. While fundraising this election has lagged compared to prior campaign years, a significant chunk of the money reported has come from individuals and companies in the business of developing and selling land. Half of the money flowing into a political action committee (PAC) supporting Bernalillo County Sheriff Manny Gonzales comes from development interests. And a quarter of the more than $500,000 he has personally raised since District Court Judge Bryan Biedscheid upheld the Albuquerque City Clerk’s decision to deny him public financing comes from that industry. Big spenders supporting Gonzales have names like Daskalos, a family of developers who’ve funneled at least $27,000 into the race through various entities.

Publicly funded stadiums boost quality of life. But economy? Not so much.

Albuquerque voters will decide in November whether the city should foot the bill for a new soccer stadium. Unlike a proposal to build a downtown multi-use arena that percolated in the mid-2000s, this one could become reality. 

That’s because the city has a new professional soccer team that has proven popular. New Mexico United games in 2019, its first year, drew more than 12,000 fans on average to its Albuquerque matches in the city’s baseball stadium. Now, the team wants the city to build a stadium specifically for soccer, which, according to a feasibility study commissioned by the city, is required under United Soccer League (USL) rules after a team’s third year. 

But the payoff for Albuquerque in economic terms is far from certain, according to multiple economists who said publicly financed sports stadiums rarely justify the expense with new jobs or economic activity. And there are concerns among some residents about the impact of the stadium on surrounding neighborhoods, as well as how millions in public dollars could be better spent. 

Lisa Padilla, the president of the Barelas Neighborhood Association, said she has mixed feelings about the construction of the new soccer stadium.