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.

Advertisements

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.

Filmed In New Mexico: Manhattan TV series

The Manhattan TV show for WGN America is being filmed in New Mexico. Watch the preview on youtube.

//www.youtube-nocookie.com/embed/V7WQOFVEuRA

Set against the backdrop of the mission to build the world’s first atomic bomb, MANHATTAN follows the brilliant but flawed scientists and their families as they attempt to co-exist in a world where secrets and lies infiltrate every aspect of their lives. MANHATTAN premieres exclusively on WGN America this summer.

Cutting Wine & Cheese Could Save Colorado's Southwest Chief

According to the Denver Post, “Cuts in luxuries may save Colorado Southwest Chief stops, Amtrak says“.

Garcia said he was heartened that Amtrak CEO Joe Boardman promised to help rescue the line by cost-cutting measures, including eliminating complimentary wine and cheese, as well as pillow chocolates, flowers and vases, and newspapers on three of its routes.

The move comes as the railroad moves to answer congressional criticisms and stop the losses from its food and beverage service alone that totaled $72 million in fiscal 2012, according to the news website Politico Pro.

To keep the Southwest Chief on its current route, Amtrak has proposed that New Mexico, Colorado and Kansas share the costs of the track maintenance and upgrades with Amtrak and BNSF. The plan calls for the states to each provide $4 million annually for a decade.

It would be really great if we had a good quality train system alternative to flying in the US. I hate flying.

Don't Say Green Chile Unless Your In New Mexico

From The Denver Post “Denver mayor sparks Super Bowl chile battle

A friendly Super Bowl bet between the mayors of Seattle and Denver is causing a stir in New Mexico.
If the Seahawks win Sunday, Denver Mayor Michael Hancock has wagered a few things he says are indicative of his city. Among them: handmade skis, a hoodie and a sampling of Denver’s “amazing green chile.”

Chile from the Mile High City?

The question has fired up New Mexicans, resulting in a flurry of social media posts on New Mexico’s long history with the hot peppers.

Chile is the state vegetable and the basis of the official state question—”Red or green?” A state law even has been passed to protect the spicy reputation of New Mexico peppers by targeting impostors everywhere from roadside stands to grocery stores.

Sometimes I come across chile that has a good taste besides heat, most of the time its just heat and ruins the dish. So I am not a fan.