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ChatGPTClaudePerplexity· Context
AEDC board's AQHA headquarters retention agreement totals $3 million over 10 years
President Carter told the board that the American Quarter Horse Association's executive committee had approved a location incentive agreement to retain the AQHA headquarters: $300,000 a year for 10 years, $3,000,000 in total, paid as the association performs. The minutes record no separate board vote on the item. The AEDC's January 2025 project report lists AQHA at $3,000,000, with $900,000 paid in prior years.[1][2]
Kevin CarterAmarillo Economic Development Corporation (AEDC)
What the sources say
- ✓ Verified
The minutes describe item 19-10-01 AQHA as a retention agreement 'for 10-years at $300,000 per year, for a total incentive of $3,000,000, to be paid as they perform.' In February 2022 staff said AQHA had submitted its first report. The January 31, 2025 project report lists AQHA at $3,000,000, $900,000 paid in prior years and $1,800,000 in future commitments.[1][3][2]
- Incentive
- $3,000,000
- Paid prior years
- $900,000
