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Yet Thornburg's counsel estimated on paper the deal would save his companies $397,000 a year in property taxes, because Thornburg doesn't technically own the property. The owners say the locomotives, tracks, and bridges need some maintenance and upgrades. EEE View Details. Check Full Reputation Profile The post-war economy replaced family farms with shopping malls; Thornburg's generation would bury manufacturing under paperfinance, insurance and real estate. Learn more in our Privacy Policy. The money is split among candidates, who may receive a maximum of $5,400, national political parties and state political parties. Theres a point, here. Catherine Oppenheimer. Tracking the performance of complex, constantly changing private investment portfolios, combined with the fluctuating value of land and property, is another. Letters (no more than 200 words) should refer to specic articles in the Reporter. Girard is president of her family business, Greer Enterprises, the real estate company developing a condo/retail project at the Lensic. Who's Searching for You, Relatives, Associates, Neighbors & Classmates. Thornburgs new campus on Ridgetop Road was built thanks to property tax breaks for his companies. to see possible family members, friends, co-workers, and associates found from multiple government records, social and public sources. $$$ Donate today to Friends of the Reporter. "But I don't know how smart you'd have to be to predict this would've happened." The doors throughout the dwelling are equipped with hardware as hefty and as elaborately detailed as that on medieval town gates. MacArthur donated $7,900 and $10,000 to Richardsons two gubernatorial runs. On Jan. 4, 2007, Gov. Donald Trump Trump's ABQ fundraiser looks like it didn't raise much By Sandra Fish | New Mexico In Depth | July 20, 2016. He also owns Santa Fes 16th most valuable home, a $6.6 million residence on Circle Drive. . Nevertheless, his dining spots are among Santa Fes most popular, including Blue Corn Caf, La Casa Sena and Rio Chama. Portions of CA home hang over cliff after landslide, More from KRQE NEWS 13 - Breaking News, Albuquerque News, New Mexico News, Weather, and Videos, UNM Hospital wants to know publics feedback. she says. Assessed at nearly $16 At his top, Thornburg's jet landed in Paris; he fished in Patagonia. Oppenheimer is the founder of the National Dance Institute in New Mexico and together the couple has given millions of dollars to schools and enrichment initiatives from the elementary level through college. The ride is full of history, Newman said. Eight years later, the famous. AGE. While delighting investors, Thornburg angered neighbors. 60s. 2023 New Mexico Music Commission, promoting New Mexico's rich and diverse music heritage, 1980 Que Viva Nuevo Mexico Steve Ortiz. The . $$$ Cancel anytime. She never remarried. Martin and NDI New Mexico co-founder Catherine. During their separation, Thornburg paid Jirby $2,500 a month to care for herself and their son. Skilled workers had to be lured. Its harder to get time with people in todays world. (The McCune and Thaw foundations come in at $144 million and $52 million, respectively.) "Investment bankers from New York always got confused: 'Where? "I was an entrepreneur since I was about 5 years old," he told The Santa Fe New Mexican in 2000. The charter school is dedicated to arts mastery and academic excellence assisting passionate young artists in developing their full potential. He works as a carpenter, and now has three adult children, Dorothy, Charlie, and Ella. (The stock actually peaked at $32 about a year ago; its now 1 cent.) J Tylee Wilson When the stock market does better, so does the foundation and in 2012 Thornburg contributed $41 million, according to filings with the IRS. Images: 505-310-4194 - or via email at admin@nmschoolforthearts.org. New Mexico always holds a special place in my heart, Newman said. $$ But several professional fundraisers told us our method was more exhaustive, if less personal, than their own means of sniffing out deep pockets. And he can borrow money at 2. Thornburg's 29-year-old son has his own small plane. We also welcome you to follow SFR on social media (on Facebook, Instagram and Twitter) and comment there. ads by BeenVerified. He started borrowing and borrowing and borrowing to make more loans and make more income at that spread between 2 and 5 [percent]," Collins says. It belonged to Thornburg's first wife, a Swedish artist, who lived there with the couple's son, then 6. He heads Miller Strategic Consulting, a locally based venture capital firm, and serves on the boards of Hitachi Medical Systems, the biometrics company Lumidigm and SITE Santa Fe. Biggs, the former chairman, president and CEO of one of the nations largest financial services companies, TIAA-CREF, must be on any list of Santa Fes wealthiest. There are two Paul De Domenicos in Santa Fe; the son is 47, the father 75. The stock fell rapidly. W/C He even once collected unemployment, so perhaps he can relate to his former workers. WE DIDNT FORGET: Some usual suspects She claimed Thornburg stopped making the $3,000 monthly mortgage payments and "interfered" in the home sale, thus ensuring foreclosure. For someone to take a deep dive into our policy and accountability, its a huge deal, Freeman said. Catherine L Oppenheimer, age 60, West Chester, . Mail letters to PO Box 4910 Santa Fe, NM 87502 or email them to editor[at]sfreporter.com. The couple made ARTnews top collectors list and serve on the board of the Georgia OKeeffe Museum. W.B. She co-founded the National Dance Institute of New Mexico in 1994 (NDI-NM) and is past chair. Truth is, any time you see a richest list, whether its in Forbes or Fortune or the defunct Crosswinds weeklywhich published a New Mexicos-richest list in 1996the methodology behind it is at best educated guesswork. I also think he was establishing his company here; to pull up and leave after that would have been very difficult," she says. Email addresses are used solely for verification and to speed the verification process for repeat questioners. It's unlikely the Trump Victory joint . Santa Fe Review Editor George Johnson has a24/7 webcam trained on the Ford mansion (and on the Davises property; see Some usual suspects). Biggs, 73, has a $2 million home in Las Campanas and serves on the board of the Santa Fe Opera. Bill Clinton. New Mexico School for the Arts $358,230, Museum of New Mexico Foundation $50,000. Heres this guy, a Harvard Business School alumni: Why in the hell did he come to Santa Fe, New Mexico to start up an investment and real estate company? Politicians paid respect to a man whose business they may not have understood, except to the extent that it was successful. , Roswell PD: Woman steals, drives wrong-way to get, State basketball tournament: Girls first round recap, Whats happening around New Mexico Feb. 24 Mar. Catherine also answers to C Oppenheimer, Cathy J Oppenheimer and Catherine J Oppenheimer, and perhaps a couple of other names. Nothing ever came of it," Collins says. Whether Thornburg got an assist at the state level is unknown, but he openly lobbied at the local level. The Academy-award nominated and Golden Globe-winning actress (Love Story) has lived in Santa Fe since 1994, and is well-known for her approachability and generosity to numerous Santa Fe causes, including animals and the arts. To report this story, SFR scoured Santa Fe County property records, nonprofit tax returns filed with the Internal Revenue Service, philanthropic donor lists, Securities and Exchange Commission filings, private aircraft registrations with the Federal Aviation Administration, political campaign donors through the Federal Election Commission, court records including divorces and lawsuits, press accounts of luxury homes and art collectors, and straight-up town gossip. The New Mexican said residents "should be glad the company didn't grow weary of NIMBYism and forsake Santa Fe for Santa Barbara or some other la-di-dah address," in an editorial against Concerned Citizens. Two days later, the company laid off 130 of 150 employees. EEE Thornburg's classmates included George W Bush's treasury secretary, Hank Paulson, who devised last year's $700 billion bank bailout. Investment group MatlinPatterson lent Thornburg $1.35 billion in 2008, only to abandon its stake last month. This limits reinvestment in the companyat least without borrowing. So SFR doesnt present this list as anything but our best effort to figure out whos got the money in Santa Fe. We are all one community, Blair says. The Thornburg Foundation is the family foundation of Garrett Thornburg and separate from the charitable arm of Thornburg Investment Management, a privately held firm established in Santa Fe in 1982. They Bernalillo County deputy involved in rollover crash in Northeast A Bernalillo County deputy was reportedly A Bernalillo County deputy was reportedly not injured after their vehicle rolled in a two-vehicle crash Saturday morning in Northeast Albuquerque. Brilliance wasn't enough for Thornburg. Much of its coming from the scary imagination of George R.R. He was building this famousin his estimationbuilding. $$$ It's too late for 130 laid off Thornburg Mortgage employees. $$$ Background OPPENHEIMER, CAROL was born on December 2, 1945 in Canton, Ohio, United States. Oilman Klein owns a $6.7 million home in Tesuque with wife Jeanne; together, theyre on this summers ARTnews list of top collectors worldwide. She moved to Santa Fe in 2019 and signed the lease for her gallery in. Subprime itself has become a euphemism for "toxic." In tax returns filed with the case, Thornburg claimed income of more than a quarter-million dollars a year. He still lists Santa Fe as his address when donating to politicians. Therefore, we should give him what he wants.'" Reviews help He and wife Nancy are major donors to the Lensic; they have a $2.6 million home on Calle De Agua. City Housing and Community Development Division Director Kathy McCormick agrees. Thornburg Investment Management and Thornburg Securities had paid $115,000 in gross receipts taxes over two prior years. Get accurate info on 2300 N Ridgetop Rd Santa Fe Nm 87506 or any other address 100% free. In 2008, Oppenheimer was honored by the MS Society of New Mexico with its Award of Distinction and by the New Mexico Committee of the National Museum of Women in the Arts for her dedication to the arts. . "They don't want us to spend our time fighting with a mortgage company that's already failing over whether it's producing enough jobs," Dwyer says. The company suffered when interest rates rose in 1994. Chicaferro retired in 2006, selling his stock before the crash. Why it made the list. Over the course of the show, Newman has noticed that the conversations are getting more interesting. EEE You have people from all over the world. Bill & Nancy Zeckendorf The company managed mutual funds (and still does$34 billion worth, as of Dec. 31, 2008). At Bear Stearns, Thornburg told interviewers, he developed expertise in using public "industrial revenue bonds" to benefit private developers. He was pumping out good cash dividends to the owners of Thornburg Mortgage, Inc. Life was good. FastPeopleSearch results provide address history, property records, and . Oliver said that for Garrett Thornburg the early-childhood effort, is just like any other investment, growing to yield good results.. Copyright 2023 Nexstar Media Inc. All rights reserved. The elder Paul and Anita De Domenicos Santa Fe home was the . In 2006, he and wife Margarita sued their high-end decorators after getting billed for items theyd rejected. Sarofims daughter Allison reportedly played a centaur in the first Chronicles of Narnia film. Whoever pushed, Thornburg and Jirby left for Santa Fe, where they had summered. Carol Oppenheimer Found 20 people in New York, California and 16 other states. Manage the news you want to see, read exclusive content and explore other subscriber benefits. Oliver said the specifics of what will be funded by the foundation will largely depend on research findings. Related To Alissa . The legalese in the deal states repeatedlyand in ALL CAPSthat the city is at NO RISK if Thornburg vacates the space. That wasn't the case," Heldmeyer says. That extra cushion isnt the only difference between the rich and the rest. In 2005, the readers of The Santa Fe New Mexican named Oppenheimer to its annual Ten Who Made a Difference list. Below are donations [] SFCC is supposed to get $15,000 a year for the next decade starting later this year, spokeswoman Janet Wise says. The Microsoft co-founder owns the $12.8 million Sol y Sombra house, formerly a Georgia OKeeffe estate. This week's cover story made use of numerous public documents and SFR writer . Thornburg often said that 97 percent of his business was out of state. This is why I always get back there.. His Thornburg Charitable Foundation has assets of $23 million (and pays $100,000 a year to Executive Director Suzanne Barker Kalangis, wife of Thornburg Mortgage Director Ike Kalangis). Waxman, 68, founded Psilos Group Managers, a venture capital fund that specializes in health care technologies. Instead, he tried to make New Mexico work for him. Hamilton, 67, was for decades a senior executive at one of the worlds biggest corporations, Procter & Gamble; in 2005, he joined the board of Dominos Pizza. TEX He wasn't alone. Thats a personality profile that leads people to think theyre the master of the universe, Patrick Collins, a retired Wall Streeter who campaigned against Thornburgs new Ridgetop Road headquarters, says. Curious? A family lost their home and pets to the Calf Canyon/Hermits Peak fire. The railroad was featured in a classic Breaking Bad episode back in 2012. Relatives, jobs, social network profiles - Radaris people search engine. Not counting slavery, this is a time of unprecedented wealth inequality. According to Heldmeyer, city officials feared for the health of the mortgage company even before the deal was struckand kept those fears private. In February 2008, the Swiss bank UBS reported an $11.3 billion loss based on US mortgages designated as "Alt-A." According to a June 2009 article in the Las Vegas Review-Journal, Stertzer named Luis Hidalgo Jr., a friend, to manage the clubHidalgo Jr. drove a Pantera auto and frequently carried a handgun and wads of cash. Hidalgo Jr. and his son, Luis Hidalgo III, were sentenced to life in prison this year for the 2005 murder of a doorman. Eddie Gilbert Townsend is a former ExxonMobil vice president with a $1.7 million home in Las Campanas; wife Joanna is on the National Council of the Georgia OKeeffe Museum. $$ish Home base unknown Back To Top. Anne & John Marion The [Albuquerque] Journal asked a few questions. The tax-avoidance strategy, foreshadowed by Thornburg's New York bond deals, was transplanted to New Mexico. See $$$ Newly elected Santa Fe County magistrate arrested on DWI charge, Bodybuilder, SFPD bicycle officer often patrolled the Plaza, Santa Fe Bite has new owners, but old owners remain on board, Another troubled Espaola complex teeters, Longtime weatherman forecasts a new life outside TV, Accused judge removed from bench in wake of DWI charge, Bipartisan criticism after Lujan Grisham intervenes in Medicaid procurement process, Changes may be afoot for Traditional Spanish Market, Predictions: Horsemen go all the way; Demons upset everyone, Single-family, built-to-rent is coming, sooner than you think, The thin blue line deals in a shade of gray. The Santa Fe Community Foundation has made 11 rounds of wildfire relief and recovery grants totaling over $500,000 since the beginning of May. Christine and Timothy Taich. Peters is a very rich man, an employee of his property company, Southwest Asset Management, allegedly told a Plaza Mercado tenant who complained about mold, according to a 2008 lawsuit. Instead of taxes, Thornburg agreed to pay the city a flat sum of $25,000 a year. EEE The actors ranch is technically in Mora County, but his wife is a partner in a Santa Fe shop. "And so we smiled and said, 'That's wonderful, but we haven't changed our minds.'" When a big fish flops, the ripples go far. Despite the blue-blood cred, Dubin has a foothold here. By using our site, you agree to our use of cookies. Glassman saved special praise for Thornburg Mortgage: "What makes it attractive is its whopping dividend yield, now 10.1 percent"compared to, say, 2.1 percent for Nike today. The Davises make their money managing other peoples, through their mutual funds; its a successful family business going back a couple of generations to New York. Her Tesuque Ridge home was assessed at $4 million last year. Litigating shareholders say Thornburg Mortgage overborrowedleveraging up to $12.50 for every $1 it held in equity, well over what federal regulations allow for commercial banks. Welcome to Santa Fe Preparatory School. Everybody's happy on the way up because everybody seems to be making more money." "We are lucky to be here today," Thornburg told investors later. Not Thornburg. W/C In their bond application, Thornburg's team noted that he donates $35,000 a year to Partners In Education Foundation, a nonprofit, and more than $100,000 a year to Santa Fe Public Schools. Helping to boost education is nothing new to Garrett Thornburg and Catherine Oppenheimer. Jirby claimed her husband "enjoyed a lavish lifestyle." NMSA offers pre-professional instruction . They also bought and sold Ghiradelli Chocolates. He credits advice from his financial planner. ", When Thornburg Mortgage laid off 130 of 150 employees, CEO Larry Goldstone called it a difficult day., On Aug. 8, 2007, Goldstone met with three Thornburg Mortgage investors in his Santa Fe office, the suit claims. Beginning in 2007, Thornburg Sheep Co. began selling off hundreds of acres for approximately $2 million.