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When Albuquerque Mayor Tim Keller a year ago announced a series of planned “sports tourism” projects around the city, officials were banking on the sustained success of the local hospitality industry to pay for them.
The industry’s health prompted the city to last fall issue $26.3 million in new bonds for a cash surge that could fund a new soccer complex, upgrade Los Altos Park and Isotopes Park and make other investments around Albuquerque. The city planned to pay off the bonds with future lodgers tax receipts. The tax is paid by those staying at hotels and vacation rentals in the city.