I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…
While environmental activists played their part yesterday during demonstrations at the capitol building, going so far as to dress up as solar panels and to sing the tune of “You Are My Sunshine,” their counterparts, the anti-cap-and-trade contingency who has…
Roughly one quarter of University of New Mexico students are unimpressed with the state’s flagship public school, according to a survey that questioned college students about their higher education experiences.
This just in. Marc Correra, who shared in more than $15 million in placement fees related to New Mexico investment deals, is out as a partner of a Raton racetrack and casino.
Correra was an investor, but not any longer. The news comes from the Associated Press and can be found on Steve Terrell’s blog.
The AP story says the state’s Gaming Control Board authorized a casino license for a proposed racetrack in the northeastern New Mexico community of Raton. But only after Correra said he was withdrawing his application from the project.
The AP report goes on to say that a news release issued by the Gaming Control Board indicates Correra has decided to focus on other business opportunities.
Reporter Charles D. Brunt of the Albuquerque Journal was on the trail of the story yesterday it seems based on a story in today’s paper. Brunt’s story points out that Correra’s name wasn’t on today’s Gaming Control Board agenda, even though the Raton racetrack application for a license was.
Correra is the son of Gov. Bill Richardson friend and fundraiser — Anthony Correra. And Marc Correra’s name has been much in the news of late.
Specifically the younger Correra has drawn the interest of state lawmakers because of the $16 million or so that he has shared in finders’ fees as a third-party marketer on dozens of state investment deals involving the State Investment Council and Educational Retirement Board over the past half-dozen years, including an investment deal worth $90 million. The state lost all $90 million.
Marc Correra is listed in a state document provided by Educational Retirement Board as having marketed two investment deals for Chicago-based Vanderbilt Financial Trust. Vanderbilt invested the state’s $90 million in collaterized-debt obligations, which ultimately tanked.
