In the March 25th issue of the Albuquerque Free Press (It’s a PDF download, not a online article) they suggest Intel will leave NM after 2015.
The poor relationship between intel management and state government doesn’t help things. I found this part particularly interesting.
Daymon Ely, a former Sandoval County Commis- sion chairman, said that Intel officials gave him the impression that they never really liked New Mexico.
“For whatever reason, their employees did not like coming to New Mexico. It was not a desirable place because it didn’t have a lot of the big-city stuff like Phoenix had, or places in California,” Ely said.
That was made clear, Ely said, when Intel officials flatly told him they weren’t interested in exploring other sites in Rio Rancho to quell the criticisms com- ing from Corrales. The Chandler plant, which opened the same year as the Rio Rancho facility, has faced nothing like the criticism Intel endured here, several economic-development officials told ABQ Free Press.
And then there are simply the intangibles, the signs of dysfunction that builds as a relationship goes sour.
Tommy Hughes, a former Sandoval County bond attorney who negotiated industrial revenue bond deals between the county and Intel, just doesn’t like Intel executives.
“When somebody from Intel’s mouth is moving, they are usually lying,” Hughes said. He cited negotiations in 1995 when Intel said it would provide Rio Rancho with a high school.
I haven’t worked there in over a year now. I don’t miss it. I have many friends still working there and they say that the working conditions are bad and moral is at a all time low.
Fab11x is still producing product, just older product on older equipment. With the layoffs and voluntary separation packages the size of the workforce continues to shrink and everyone is having to do more work with less.
My sister Kristina Joy Smith died in Miami, Florida on Jan 6th 2015. She was 37 years old.
She was living in Marathon, Florida (located in the Florida Keys) where her boyfriend took her to the Fisherman’s hospital when she was complaining of leg pain. They airlifted her to Kendal Regional hospital on Dec 12th 2014 where it was determined she had Septic Shock.
My mom and I had made two trips to Miami during this time. It was pretty clear when we saw her that she was not going to survive. They had her on medications for the infection and her blood pressure, but she was not responding well to either one. Her hands and feet started to turn black due to the lack of circulation and her organs were failing.
Secondly, she said, retail clusters are emerging. Some are hers, like Unser Pavilion and the future Springer Plaza. But she said the long-idle Village at Rio Rancho is back on the radar and the hope is that plans will come back to life. The 65-acre spread is owned outright by a California investor — a situation that Springer-Knight speculated has kept him from feeling more of an urgency to move forward. She said the project has great potential as an outdoor, retail, mixed-use development much like ABQ Uptown. “We’re hopeful to get [the owner] back to the table,” she said.
At the rate they are going it won’t matter because I figure Intel will start winding down operations in 3 years and there won’t be anyone around to go there.
seekingalpha.com has a article about AMREP titled “Amrep’s Rio Rancho Dream May Turn Out To Be A Desert Mirage“. Everyone who lives in Rio Rancho should know about AMREP (especially if they live in one of their shitty houses). Overall the article indicates that the company’s media business is on the decline and it’s not well understood how much it’s real estate is worth.
It is currently a company that engages mainly in the business of subscription fulfillment services, newsstand distribution services and product packaging and fulfillment services as well as a bit of staffing businesses. We will call these businesses collectively as Media services and they make up pretty much all of the company’s business activities on a regular basis. The second aspect of the stock’s value is its large ownership of land in the city of Rio Rancho, New Mexico.
In the 1960s, AXR purchased the massive plot of land in Rio Rancho and it was mass marketed to people all over the world as a retirement home or an investment property. The 1960s ads marketed them as wonderful investments at a mere $10/month attracted investors worldwide and particularly from New York. AXR then sold thousands of plots to different investors without considering the future development possibilities of Rio Rancho. Thus, Rio Rancho is now left with the legacy of this antiquated platting method where any meaningful area for development has already been developed and most of the land left has been divided in ownership due to AXR’s own past plot sales.
Be sure to check out their website, which is as shitty as their houses.
The deal, which was announced by GT in a regulatory filing Monday afternoon, is seen as a coup for Arizona, drawing excitement and praise from Gov. Jan Brewer, Mesa Mayor Scott Smith and a variety of economic-development officials.
Not even a year later the whole thing has fallen apart with GT Advanced Technologies filing for bankruptcy and laying off 727 people from the plant. I can’t help think about those people and how excited they must have been when the plant first opened and how shitty they feel today. I wonder if Tim Cook and the other managers at Apple are also thinking about these people loosing their jobs.
GT called it’s contract with Apple “oppressive and burdensome”. It makes me think that Apple is used to making whatever demands they want of Chinese companies and the Chinese companies get as much slave labor as needed to get done what ever Apple requests. GT was unable to respond like a Chinese company.. This could be bad for American manufacturing. Apple should be making their parts in America, but will they even try to work with another American company? Will another American company want to work with Apple? Will anyone learn anything from this?
I interviewed to work at GT in February of this year. I was not offered a job because I was unable pick up and move to Arizona immediately. I suspect I would have been offered a job as I think I was well qualified. I guess I could say that I was lucky I didn’t get laid off twice in one year. I don’t feel lucky, I just feel bad about the whole situation and everyone that is loosing their job.