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Byline: Olivier Uyttebrouck Journal Staff Writer
Councilor Demands Tougher Requirements
A health-care company won $1.85million in industrial revenue bonds Monday after Councilor Hess Yntema scolded the city for doling out tax breaks too easily to corporations.
"I think we need to be a lot tougher with corporate welfare," said Yntema, who cast the only vote against the bond issue. "I think we've got to insist that the taxpayer isn't left out holding the bag."
Councilors voted 7-1 to approve the industrial revenue bond issue. Councilor Alan Armijo was absent.
Uniprise, a subsidiary of United Health Group Inc. of Minneapolis, plans to use the bonds to expand its call center operations in Albuquerque. The company plans to renovate 70,000 square feet of the former Digital building at the northwest corner of Jefferson NE and Interstate 25. The 744,000-square-foot building, called "The 25," is owned by AGB Twenty-Five LLC.
Uniprise officials said they plan to add 250 jobs within 18 months, up from the existing staff of 150.