LAS CRUCES — A large data center proposed for Santa Teresa drew opponents as well as supporters from the public Tuesday as Doña Ana County commissioners heard a proposal for a large tax incentive package to help build it.
The commissioners voted 4-1 to proceed to a September vote on $165 billion in industrial revenue bonds, which support private manufacturing and infrastructure investments through tax abatements. The bond is secured by the enterprise’s future revenue and does not commit the county to any spending or borrowing; but it does forego potential revenue from taxes in exchange for negotiated direct payments.
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Albuquerque Journal business outlook reporters an