Santa Fe businesses' frustrations grow as road project continues
SANTA FE, N.M. (KRQE) – More than a year into a road rebuild through a Santa Fe tourism hot spot, the city is getting an earful because of new construction twists that keeps affecting dozens of businesses' bottom line.
Story continues below
Community:ABQ bus driver speaks out on her experience of safety issues on Central route
News:Homeland Security: 11 people arrested at New Mexico dairy were 'undocumented'
Trending:Mexican gray wolf Asha gives birth to litter of pups
Food: Two Albuquerque restaurants make Yelp's 'Top 50 Cheap Eats' list
The Concrete Jungle smoke shop has spent 30 years on Guadalupe Street in Santa Fe. 'We're struggling just to make ends meet, I don't even see how we're gonna weather this storm,' said Rebecca Storm, the owner of the shop. But Garcia said the last year dealing with a road rebuild project has been one of the toughest. 'Now sales are down 40 percent, we've never ever experienced that in our history,' said Garcia.
'Had we known that is gonna be a two-year-plus project with no end in sight, we might of made additional moves to do something else. While the project is supposed to be done by August, crews just pushed back work again this week after finding a hidden gas line.
Santa Fe city leaders heard some of the frustration at a meeting with businesses this week. 'We've been taking those ideas back, trying to figure out the logistics of how do we make this work,' said Johanna Nelson, Economic Development director for the City of Santa Fe.
Some businesses said they want money for the losses the construction has caused, while others said they want crews to work later into the night past 7 p.m.
The city said it's working on business boosting initiatives. 'We've got a promotional campaign, so if we're out hitting the streets interviewing businesses putting that on social media. We're working with the chamber of commerce, right, to explore ways to we can further promote and support the businesses,' said Nelson.
She added they're also considering a possible benefit concert, even an organized bike ride through Guadalupe Street. 'It's going to be a great thing, we just gotta hang in there and let's figure out what we can do in the meantime,' said Nelson.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
Chevron Boosts Dividend Potential with Strategic Lithium Acquisition
Chevron Corporation (NYSE:CVX) is one of the 10 best dividend stocks according to Jim Cramer. On June 17, 2025, the company announced the closing of a transaction to acquire all equity interests in two subsidiaries of TerraVolta Resources and its investor, The Energy & Minerals Group. A tanker truck making its way through a refinery facility. . The American multinational energy corporation, Chevron Corporation (NYSE:CVX) engages in the exploration and extraction of crude oil and natural gas. Headquartered in Texas, the company focuses on multiple aspects of the oil and gas industry, from production and refining to marketing and transportation. Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE:CVX) has completed the acquisition of 125,000 net acres in Northeast Texas and Southwest Arkansas from TerraVolta Resources and East Texas Natural Resources on June 17, 2025. With this acquisition, the company enters the domestic lithium sector, targeting the Smackover Formation known for its high lithium content. The company plans to use direct lithium extraction (DLE), an advanced method with a smaller environmental footprint, to establish a lithium business with commercial value. Through the investment, Chevron Corporation (NYSE:CVX) could potentially support the growing demand for critical minerals essential for electrification. With a payout ratio of 75.43%, indicating the company's capabilities to handle the dividend payments, Chevron Corporation (NYSE:CVX) offers a dividend yield of 4.69%. The increase in dividends for 38 consecutive years further makes the stocks appealing to investors looking for less risky, long-term, stable income. While we acknowledge the potential of CVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: andDisclosure. None.
Yahoo
23 minutes ago
- Yahoo
Realty Income Strengthens Dividend Stability with Major Notes Offering Plan
Realty Income Corporation (NYSE:O) is one of the 10 best dividend stocks according to Jim Cramer. Stifel Nicolaus reiterated a Buy rating on the company, following an announcement on Notes offering valued at €1.3 billion. A REIT Retail company representative discussing the portfolio growth with a tenant. Realty Income Corporation (NYSE:O), based in California, is a real estate investment trust (REIT) that acquires and manages freestanding, single-tenant commercial properties. The company focuses on properties leased to retail clients under long-term net lease agreements. Known for paying monthly dividends, the company aims to offer a steadily growing monthly income stream. On June 11, 2025, the company announced an agreement to issue €1.3 billion in notes. As per the agreement, Realty Income Corporation (NYSE:O) will offer €650 million of 3.375% senior unsecured notes due June 20, 203, and €650 million of 3.875% senior unsecured notes due June 20, 2035. The company intends to use the net proceeds from these Notes offerings for general corporate purposes, including the repayment or repurchase of the company's debts. Following the announcement, Stifel Nicolaus reiterated a Buy rating on the stock, pointing out that the Notes will reduce the dilution from the repayment. The dividend yield of 5.57%, supported by a consecutive growth of 25 years, makes the stock attractive to investors seeking consistent income. Currently, the company's payout ratio stands at 283.37%. While we acknowledge the potential of O as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: andDisclosure. None. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Yahoo
23 minutes ago
- Yahoo
Vail Resorts Maintains Dividend Appeal Despite Earnings and Guidance Revisions
Vail Resorts, Inc. (NYSE:MTN) is one of the 10 best dividend stocks according to Jim Cramer. The company received a Hold rating from Morgan Stanley, with a price target of $146. An aerial view of a mountain resort, its snow-capped peaks and lush ski slopes revealed in all their glory. Headquartered in Colorado, Vail Resorts, Inc. (NYSE:MTN) is a mountain resort company that owns and operates a network of resorts, hotels, and real estate properties across the globe. The company provides experience related to skiing, snowboarding, and other mountain-based activities. Additionally, it also offers lodging and retail services to its customers. Vail Resorts, Inc. (NYSE:MTN) held its Q3 earnings call earlier this month. The company reported a 3% growth in resort-reported EBITDA year-to-date and a 4% increase in season pass revenue. However, the lower-than-expected lift ticket visitation, in addition to one-time costs related to Rob Katz's succession to Kirsten Lynch as the company's CEO, has caused the company to adjust its fiscal 2025 guidance. Following the earnings call, Morgan Stanley has given a Hold rating for the stock, with a price target of $146. The company's share price when closing on Tuesday was $155.76. With a dividend yield of 5.71%, Vail Resorts, Inc. (NYSE:MTN) gains a position on our list. Though the payout ratio of 113.12% highlights riskiness, 4 years of consecutive dividend growth keep the stock appealing to income-seeking investors. While we acknowledge the potential of MTN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: andDisclosure. None.
