California Investor Delaying The Village at Rio Rancho

According to the article “Springer-Knight: Three reasons the Unser Gateway is raising investor eyebrows” at business insider, a California investor is delaying The Village at Rio Rancho.

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.

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How Is AMREP Corporation Doing?

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.

More Non News On The Village At Rio Rancho

Village at Rio Rancho

I’m still waiting for The Village at Rio Rancho to open. According to the Albuquerque Journal “Unser corridor attracting more business, development“, the area is growing with business. But its not clear what is going on with The Village.

The Village at Rio Rancho, proposed for 65 acres across the street from Rust, remains preliminary, according to Geisel.

“We are excited that the developer is starting to make plans for the next steps in the project,” he added.

The Last Pack Trip Into The Pecos Wilderness

On Friday 7 September 2012 4 friends and I rode horses into the Pecos along with 2 pack horses and 1 one guide. We rode about 8 miles up to East Pecos Baldy. The horses were provided by Tererro General Store and Riding Stables at a cost of approximately $1250 (not including tip). The pack horses carried each of our back packs at about 30-40lbs each and 70lbs of food (with an undermined but significant amount of that weight in alcohol). Since the Pecos Wilderness is a Wilderness, no motorized vehicles are allowed.

Tererro General Store Riding Stables
Tererro General Store Riding Stables

The Tererro General Store typically takes hunting parties into the Pecos but we not interested in hunting, just a way to get into the mountain without having to carry 40lbs plus packs 8 miles in. However we were hiking out, all downhill and theoretically with less pack weight. What could go wrong?

Which brings me to the title of the article. Apparently there has been an overall reduction of horse packing business for the Tererro General store and insurance is not only becoming more expensive but harder to get as insurance companies don’t want to cover horse packing. Therefore this will be their last year of providing these trips and they plan to sell off the stables and horses. We weren’t the last trip up for the horses as they had a few more hunting parties going up but we were near to being the last trip.

Horses packed and waiting for riders
Horses packed and waiting for riders

This is the first time I have rode a horse since I went to the Philmont Scout Ranch over 20 years ago. I was a little nervous that the horse I was going to be riding would take one look at me and decide to ignore all my commands. There was nothing to be nervous about. The horses, mine was name Sampson, has been on this trip many time and knew the way better than I did and was used to newbies trying to drive. There was very little for me to do except keep him from running into the other horses when they suddenly stopped and from taking any shortcuts that we might get stuck in (they aren’t all that smart sometimes).

My horse was named Sampson
My horse was named Sampson

We start the trip about 10am New Mexico time and arrived at our destination 8 miles up the mountain about 12:30pm. The 8 mile ride took us through some forest, then to a large clearing with some grazing cattle.

The riding party
The riding party
Cattle with pointy things along the trail
Cattle with pointy things along the trail

We were back in forest when getting to our final destination.

Some fallen trees along the trail
Some fallen trees along the trail
The horses will be happy to get rid of us
The horses will be happy to get rid of us

It mostly rained the whole time so we had to come up with covered communal area where we could sit around the fire and not get soaked. There also wasn’t a lot of firewood, the area had been picked pretty clean. What little firewood we found was wet.

Campsite in the Pecos
Campsite in the Pecos

We spent time exploring the area near East Pecos Baldy. There are supposed to be big horned sheep in the area but all we came across was cattle and a few bow hunters on horseback also looking for sheep.

Pecos Baldy Lake
Pecos Baldy Lake

We were lucky to have a day of no rain where we were able to hike to the top of Ease Pecos Baldy.

Near East Pecos Baldy
Near East Pecos Baldy
The group (except the photographer) on top of Ease Pecos Baldy
The group (except the photographer) on top of Ease Pecos Baldy
People on a nearby peak
People on a nearby peak

Finally, we hiked out on 10 September 2012. While we ate and drank our way through most of our supplies we still managed to have quite a bit of weight on us on our way out. Making us wonder why we didn’t rent horse to take us out.

Hiking out
Hiking out

The enitire photoset can be viewed on the Flickr set “2012-09-07 Pecos Pack Trip“.

Where Is The Village At Rio Rancho?

The Village at Rio Rancho goes here someday
The Village at Rio Rancho goes here someday

According to a Albuquerque Business First Article “Unser corridor bursting with retail, office activity” the Village at Rio Rancho was support to start “This Summer”. Since the article was written in May 2012 that would make it last summer. Currently all we have is a lot of cleared desert that will turn into atmospheric dust come this spring. The City of Rio Rancho only mentions this special tax deal from 2009.

Meanwhile down the road in Albuquerque “Construction starts on new Westside ABQ plaza“.

Filmed In New Mexico: The Lost Room

ThelostroomI saw the Lost Room expecting it to be some cheesy SciFi channel B movie. Instead I found the mini series has a good story, good acting and I couldn’t stop watching until I found out what happened at the end. From Wikipedia:

The series revolves around the titular room and some of the everyday items from that room which possess unusual powers. The show’s protagonist, Joe Miller, is searching for these objects to rescue his daughter, Anna, who has disappeared inside the Room. Once a typical room at a 1960s motel along U.S. Route 66, the Lost Room has existed outside of normal time and space since 1961, when what is only referred to as “the Event” took place.

It was completely filmed in New Mexico. In one scene that was supposed to take place in Las Vegas, NV a Albuquerque city bus drives by.