Mae Keleher’s father worked for the railroad. When he died he left a pension of $600 to his daughter that William Keleher invested in an uninhabited and desolate parcel of land east of Old Town Albuquerque that many years later became Lomas and Wyoming. Wyoming became the main traffic arterial for the Sandia National Laboratory.
Monday October 12, 2009 marks the final chapter for an Albuquerque New Mexico auto dealership and has touched off speculation amongst Albuquerque Attorneys that the since purchased by William Keleher free and clear land that has been in the Family for generations has been lost by James Rogers Jr. who is the new President of Bosque Redondo Development Corporation which owned the land for many, many years.
Speaking on the condition of anonymity, one Automotive Dealership Attorney has told WilliamKeleher.com that he speculates the new deal with notorious homophobe Larry H. Miller was done on a temporary but significantly reduced rent with an extremely favorable option to Larry H. Miller to end up with the land. The Automotive Dealership Attorney went on to say that he does not believe that there is any chance whatsoever that the Larry H. Miller Automotive Group as the owner of 39 automotive dealerships throughout the Western United States would entertain a transaction that would not include a purchase of the land or to at least potentially pick up the title and the outstanding debt on the property in the very near future. The property was reportedly heavily leveraged in a buyout representing half of the former owners at the top of the market just before the crash in Albuquerque Commercial Property prices. He elaborated that the debt is also the subject of concern for two reasons. Because of the simultaneous adjusted loan to value ratio skyrocketing due to plummeting Albuquerque Commercial Property prices in conjunction with the abrupt Ken Zangara Dodge closure. The Automotive Dealership Attorney theorized that the cessation of rent due to the Zangara closure would have rendered the new owners of the property incapable to make their debt service. The Automotive Dealership Attorney declined to speculate whether or not he felt that the property was in foreclosure proceedings. In any event the Automotive Dealership Attorney stated clearly that he believes that title to the land has or is about to change hands whether it be for a significantly reduced purchase price, fire sale assumption or a very favorable option to purchase in the near future.
Early Monday morning, construction crews began phase one of the demolition of the former Zangara Dodge dealership.
“When you hear about the car business being down– obviously it’s not for some of the groups out there, and for us to have the money to be able to do something like this is pretty exciting,” said Larry H. Miller Chrysler Jeep Dodge employee Cathy Carpenter-Heise. “I think it’s going to spur the economy. People are going to get excited and see something happening in the car business.”
In early 2009, it was a different story for Zangara Dodge. On Feb. 18, Ken Zangara closed his doors. A month later the dealership was accused of not delivering on promises to customers.
By August, there was a new owner; Larry H. Miller Chrysler Jeep Dodge.
General Manager David Montemorano said they will honor warranties from the old Zangara Dealership.
“The warranties with Chrysler are honoring the factory warranties for any previous Chrysler and Dodge customers,” Montemorano said.
With phase one of the demolition underway, Montemorano says it’s just one of three phases to expand the Larry H. Miller dealership.
“Phase two will start about Jan. 1, and will be the ground breaking of our new 90,000 square foot facility on the existing lot,” Montemorano said.
When the demolition of the Zangara building is completed, Montemorano said it will hold 150 vehicles on its display lot. He said the entire project, including the completion of the new facility, will be done around Sept. 2010.
Some of the former Zangara employees will work with the Larry H. Miller dealership.
Wild Bill Cooper and the House of Carpets
coming soon…
Tierra West
5571 Midway Park Pl NE, Albuquerque, NM
(505) 858-3100
‘Brokeback’: The Scourge of Latter-Day ‘Plaints
12 January 2006 | Studio Briefing – Film News | See recent Studio Briefing – Film News news »
Heath Ledger, widely considered the actor to beat in this year’s Oscars competition, has twitted theater owners who have refused to show Brokeback Mountain, in which he plays a gay cowboy. In an interview with Australia’s Herald Sun, Ledger remarked, “Personally, I don’t think the movie is [controversial], but I think maybe the Mormons in Utah do. I think it’s hilarious and very immature.” Meanwhile, Utah Jazz owner Larry Miller, who yanked the film from a theater he owns in Sandy, Utah, a suburb of Salt Lake City, is being pounded with a barrage of criticism from local writers and columnists. Melissa Clyne, president of Scribe PR and Marketing in Salt Lake City, told the Salt Lake Tribune: “At the very least you need to explain yourself. It’s his right to decide what he wants to run and what he doesn’t want to run in his theaters. But if he isn’t comfortable with the content of that film, he needs to say that. The ‘no comment’ is giving this story legs.” The Deseret Morning News quoted Jack Foley, head of distribution at Focus Features, as saying, “The bad thing about this flap is that people will point a finger at Salt Lake City and a culture that should not be credited that way.” Foley pointed out that the film has become a “smash hit” at theaters in Salt Lake City itself. Holly Mullen, a columnist for the Salt Lake Tribune, has published letters she received from readers taking Miller to task for his decision. She prefaces them with these remarks: “Ever since Larry H. Miller suddenly decided to pull Brokeback Mountain from his theater chain, everyone from Brokeback star Heath Ledger to an Ohio film critic to Jay Leno has been painting the whole state as rubes and bigots. »
