FDIC urged to sell Ski Rio to save Costilla jobs
Local groups including the Concerned Communities press the FDIC to privatize Ski Rio, arguing the resort has lost millions but could be revived with a sale to a first bidder or local buyers. Taos officials discuss possible bonds and community offers while critics say the price is too high and reopening would hinge on timely repairs.
MENTIONED IN THIS ARTICLE
FDIC
Gary Little
Barr
Ski Bio
Zambala Corp
Roybal
Gary Plante
Angel Fire Corporation
Ski Rio
Angel Fire
Costilla
Plante
Legends
Ski 10
Torres
Mike Trujillo
Taos County
County Commission
Little
Livestock Association
Jutta Guntard
Guntard
County offers buyers help to acquire Ski Rio
The county commission passed an inducement resolution to issue industrial revenue bonds to help a buyer acquire Ski Rio from the FDIC. County officials say bonds would fund the purchase while income from the resort would repay them, with control and ownership terms defined in a management contract and no tax money used. Bernie Torres, a commissioner-elect, heads a livestock group linked to potential operators.
MENTIONED IN THIS ARTICLE
Taos County
Bernie Torres
Costilla
Torres
the Livestock Association
County Commission
Mike Trujillo
Bruce Kelly
Federal Deposit Insurance Corp
FDIC
Kelly
Rio Costilla Cooperative Livestock Association
Gold mine opens hope for jobs in Colorado
Bat tle Mountain Resources of Houston expects full operation of a new open pit gold mine near San Luis, Colorado in Q1 1991. The facility, costing about $50 million, will employ up to 100 workers, with current staffing around 50. Water approval was granted Dec 3, and milling and tailings areas are under construction. Gold prices around $389 per ounce.
MENTIONED IN THIS ARTICLE
Battle Mountain Resources of
Houston
Les VanDyke
VanDyke
van Dyke
San Luis
Colo
Bernie Torres
Taos County
Costilla-Amalia
Also Mentioned on This Page
Rio Grande
AACE
Paseo del Pueblo Sur
First American Savings & Loan Association
Centinel Bank of
Taos
Centinel
Questa
Penasco
Red River
Ski Valley
Centinel-Bank Vf
el Prado
Equal Housing Lender
Colorado
Joseph Ortega
Donald Bailow
Molycorp
John Hannon
Questa Acequia
Red River Canyon
Bic
Bia
Ris
Wee
Winter Tire Sale
A.S.E
Iment Ni
THU Stores
the Tire
New Mexico
Santa FE
Albuquerque
Rio Rancho
Belen
Clovis
Espanola
Farmington
Gallup
Las Gruges
Las Vegas
EL Paso
Roswell
Alamogordo
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