Taking a Look at New Mexico’s RailRunner!

State Has Many Opportunities to Reduce Spending

Journal columnist Winthrop Quigley seems to believe that what New Mexico’s struggling economy needs right now is higher taxes. We at the Rio Grande Foundation couldn’t disagree more and believe raising taxes would have further deleterious effects on our economy….

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Paul Gessing’s Appearance on KRWG “Newsmakers”

On this 30 minute interview with Fred Martino of KRWG public television in Las Cruces, Gessing discusses several issues facing New Mexico including the struggling economy, the RailRunner and Spaceport, education reform, federal lands in New Mexico, and criminal…

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New Mexico Economy in Search of Leadership

The year 2012 was a tough one for New Mexico’s economy. Without going through the litany of evidence, our state was the only Western state to be found on United Van Lines’ list of “top-outbound” states. And, while the US as a whole grew by an anemic 2.2% during the…

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Passenger Rail Not Worth Big Subsidies it Requires

The tremendous costs of the Rail Runner were outlined in grave detail recently in the Journal. Annual costs are currently about $50 million between operations and payments on the original infrastructure. A portion of these costs are currently being shifted to the…

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The Spaceport and RailRunner: When Do We Stop Digging?

How long do you keep spending money on something before you quit and cut your losses? New Mexico’s Legislature will soon face some difficult decisions as to how much taxpayer money to spend on two high profile, Richardson-era projects, the Rail Runner and the…

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Put Rail Runner Out of Its Misery Sooner, Not Later

Originally marketed at a price of $122 million and as possibly being “high-speed,” the Rail Runner shuttles (mostly) tourists and government employees from downtown Albuquerque to Santa Fe and from Albuquerque south to the bedroom community of Belen. Only recently…

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Union Pacific, Film Industry Deals Very Different

The state of New Mexico and southern New Mexico in particular, face a great opportunity. One of America’s great railroads, Union Pacific, is hoping to build a $400 million railroad hub in Santa Teresa. While there would be a few, relatively minor, tax incentives…

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Reports of Rail Runner’s success greatly exaggerated

Gov. Bill Richardson has been touring New Mexico touting the “success” of the taxpayer-financed Rail Runner commuter train. Recently, he has promoted the idea of transforming the train from a regional, commuter rail system operating between Santa Fe and…

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The Issue is Higher Taxes, Not The Rail Runner

If you haven’t traveled between Santa Fe and Albuquerque recently along I-25, you may not be aware that the Rail Runner – Governor Richardson’s commuter rail train from Santa Fe through Albuquerque to Belen – is progressing rapidly. Tracks are being laid in hopes of…

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