August 19, 2010
New Mexico Development Partners has restored its corporate license with the New Mexico Public Regulation Commission back to “in good standing” after the license had been revoked in April 2009. The license had been revoked for “failure to report.” It was back in good standing not long after the revocation came to light in the [...]
August 19, 2010
Coast Range Investments, the company wanting to build the 20,000-home Rancho Cielo development west of Los Chavez, told the Belen City Council on Monday night that he agrees the city council should repeal two ordinances that are tying up nearly $3 million in economic development money. Discussion about repealing the two ordinances and terminating two [...]
July 20, 2010
The Belen City Council last night began discussing the possibility of terminating two agreements and two ordinances related to Rancho Cielo, the proposed development west of Los Chavez. In June, the New Mexico Department of Transportation (NMDOT) ran out of money for the project after the developer, Coast Range Investments, also known as New Mexico [...]
July 13, 2010
A new bridge in the Los Lunas area could actually mean a new interchange for the City of Belen. As the Mid-Region Council of Government continues its Los Lunas corridor study, two primary routes for a new interchange and bridge are being evaluated. Those routes are near Miller Road just north of Los Chavez and [...]
June 11, 2010
Work on the reconstruction of the North Belen interchange halted Wednesday, less than four months after it became clear the project would run out of money. The interchange was being reconstructed to provide access to Rancho Cielo, a master-planned residential, commercial and industrial development west of Los Chavez. While the state funded $4 million of [...]
April 13, 2010
Coast Range Investments yesterday pushed back on the claim by Belen City Councilor Jerah R. Cordova that its subsidiary’s corporate license has been revoked. Last week, Cordova posted information on this website claiming that New Mexico Development Partners license with the New Mexico Public Regulation Commission (PRC) had been revoked. In a letter delivered to [...]
April 07, 2010
New Mexico Development Partners, a subsidiary of Coast Range Investments, the company attempting to develop Rancho Cielo, has had its license revoked by the New Mexico Public Regulation Commission (PRC). The corporate status on the PRC’s online corporate database shows the company’s “license was revoked.” The company qualified as a foreign profit corporation on November [...]
April 06, 2010
Construction work on the North Belen interchange will shut down by July if the developer of Rancho Cielo doesn’t come through with its portion to complete the project. Using a $3-million state appropriation, the New Mexico Department of Transportation (NMDOT) has continued the reconstruction of the interchange despite not having Coast Range Investment’s contribution, which [...]
April 06, 2010
Signet Solar has decided it won’t build its solar technology manufacturing facility in Belen, according to Jim Wood, the vice president of Coast Range Investments, the developer of Rancho Cielo. During last night’s Belen City Council meeting, Wood made the announcement by saying Signet Solar won’t build anywhere in New Mexico, largely because the federal [...]
February 23, 2010
Rep. Elias Barela said over the weekend that not supporting the development of a master-planned community in Rancho Cielo’s 6,000 acres west of Los Chavez could lead to unwanted development there. “It’s a quality development. It’s private land. If we drive Rancho Cielo out, who’s going to take over it? What’s going to happen with [...]