Just who is ABQ Investors?

August 6, 2018 5:00 pm

ALBUQUERQUE—TopGolf wants to open up in Albuquerque, and according to the ordinance, the company involved is called ABQ Investors LLC. In conjunction with TopGolf, the ordinance proposes raising gross receipt taxes by $1.8 million in incentives and an additional $700,000 in city funds for the highly profitable company to build the facility.

The mayor already vetoed the ordinance, due to the company being highly profitable already, and that the business will “cannibalize” other similar local business and breweries. Councilor Diane Gibson indicated she would attempt to override the veto after “addressing the mayors concerns” in the city council meeting on Monday.

According to Bloomberg, ABQ Investors LLC was founded in 2003, and the company’s line of business includes renting, buying, selling and appraising real estate. The address is listed in the First National Bank of Oklahoma building–the two share the same exact address, with no suite number that would indicate leased office space.

According to Manta.com, current estimates show this company has an annual revenue of $1 to 2.5 million and employs a staff of approximately 1 to 4 with the owner or principal named as David Kitchen.

So far it appears we know nothing about this company except 4 people will profit from the tax break.

We reached out to the company and Diane Gibson’s office for comment, but did not hear back.