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Today's News

  • 11-11-12 Andrew and Mousie
  • Hotel's future uncertain

    The Los Alamos National Bank has put the wheels in motion to foreclose on the company that owns and manages the Hilltop House Hotel.

    The bank initiated the process against Hilltop House, LLC Oct. 19, but the hotel’s managing partner and at least one of its investors remain hopeful a deal can be struck with the bank to restructure the debt.

    The landmark 79-room hotel straddles some of the most high profile commercial property in Los Alamos at the convergence of Trinity and Central Avenue. But the overall economy and increased competition — both on and off the Hill — has left the 40-year-old lodge struggling for survival. 

    The foreclosure documents were filed in First Judicial District court in Los Alamos County by LANB attorney James R. Jurgens.

  • LANB officer explains bank foreclosure process

    Los Alamos National Bank president Steve Wells explained the bank’s foreclosure process in an email response to an inquiry from the Los Alamos Monitor.

    “It is important for anyone examining the foreclosure process to understand that banks are regulated by a state or federal regulator whose prime responsibility it is to ensure depositors funds are protected. 

    “LANB like all other banks and financial institutions make loans with depositor’s funds and manage the risks in lending to protect its depositors as well as those of its shareholders or members.

    “I cannot speak for other banks but know how we work at LANB. Foreclosing on a real estate mortgage we hold as collateral for a loan is always a last resort and a decision arrived at when no other viable option exists.”  

  • United Way update
  • Chamber surveys subcontractors

    Sure, the Los Alamos National Laboratory just may be the 800-pound gorilla in the room when it comes to the town’s economy.

    However, officials with the Los Alamos Chamber of Commerce are saying the picture is more complicated when it comes to a very important segment of the economy, subcontractors who have a major share of business with LANL.

    A few weeks ago, during a forum hosted by the LACC, LANL announced that due to the economy and other forces beyond its control, it will be asking its subcontractors to share more of the overhead costs.

    To many subcontractors attending the forum, it sounded like a death knell for not only them, but the Los Alamos economy as well, since the effect would surely be felt throughout the town’s small business economy that in turn relies on the subcontractors to support local businesses.

  • Dam construction underway at LA Reservoir

    After 12 years of delays, it may seem as though government bureaucracy and Mother Nature have been at war with the Los Alamos Dam and Reservoir. But construction is finally underway and if Deputy Utilities Manager Tim Glasco has anything to say about it, the dam will be completed by the end of the year. 

    The reservoir has been closed since the Cerro Grande fire impacted it in 2000. The Department of Energy transferred the water system to Los Alamos County shortly after the fire. Since the transfer placed the dam under state jurisdiction, the State Engineer Office was required to conduct a detailed analysis of capacity and stability. That analysis called for a redesign of the dam, which was not approved until 2009.

  • Obama wins Fla., topping Romney in final tally

    ST. PETERSBURG, Fla. (AP) — President Barack Obama was declared the winner of Florida's 29 electoral votes Saturday, ending a four-day count with a razor-thin margin that narrowly avoided an automatic recount that would have brought back memories of 2000.

    No matter the outcome, Obama had already clinched re-election and now has 332 electoral votes to Romney's 206.

    The Florida Secretary of State's Office said that with almost 100 percent of the vote counted, Obama led Republican challenger Mitt Romney 50 percent to 49.1 percent, a difference of about 74,000 votes. That was over the half-percent margin where a computer recount would have been automatically ordered unless Romney had waived it.

    There is a Nov. 16 deadline for overseas and military ballots, but under Florida law, recounts are based on Saturday's results. Only a handful of overseas and military ballots are believed to remain outstanding.

  • Prep football scores from around the state

     

    PREP FOOTBALL

    Alamogordo 47, Onate 14

    Aztec 63, Kirtland Central 0

    Belen 56, Grants 9

    Bloomfield 55, Shiprock 0

    Clovis 55, Hobbs 0

    Dexter 54, Loving 12

    Eldorado 32, Manzano 29

    Estancia 36, Clayton 6

    Farmington 21, Piedra Vista 14

    Goddard 22, Roswell 6

    Las Cruces 36, Mayfield 13

    Los Lunas 46, Valencia 0

    Navajo Prep 66, Dulce 12

  • Today in History for November 10th
  • AP Analyst: CIA Director Petraeus Resigns