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KOAT-TV.com - RIO RANCHO, N.M. -- Target 7 has uncovered that Rio Rancho's Santa Ana Star Center is hemorrhaging massive amounts of money every year. While customers pack The Pit, Tingley Coliseum and the Hard Rock Pavilion, the Santa Ana Star Center continues to struggle. With its current location in Rio Rancho, Target 7 asked a few people in Albuquerque if they would regularly attend events at the struggling facility. "I might. It's just a heck of a long drive," Albuquerque resident Skip Brown said. City leaders said the arena is losing around $3 million in taxpayer money each year. "The goal is to really get as close as possible to breaking equal in that facility," Rio Rancho Mayor Tom Swisstack said. The $47 million facility, which was built in 2006, has already lost two sports franchises. Swisstack said the arena he inherited has a new management team and has started to make some money. But since it continues to sit in an unpopulated part of Rio Rancho, he admits that taxpayers may be on the pricey hook for several more years.
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Santa Ana Star Center Losing $3 Million Each Year
From KOAT-TV.com - RIO RANCHO, N.M. -- Target 7 has uncovered that Rio Rancho's Santa Ana Star Center is hemorrhaging massive amounts of money every year. While customers pack The Pit, Tingley Coliseum and the Hard Rock Pavilion, the Santa Ana Star Center continues to struggle. With its current location in Rio Rancho, Target 7 asked a few people in Albuquerque if they would regularly attend events at the struggling facility. "I might. It's just a heck of a long drive," Albuquerque resident Skip Brown said. City leaders said the arena is losing around $3 million in taxpayer money each year. "The goal is to really get as close as possible to breaking equal in that facility," Rio Rancho Mayor Tom Swisstack said. The $47 million facility, which was built in 2006, has already lost two sports franchises. Swisstack said the arena he inherited has a new management team and has started to make some money. But since it continues to sit in an unpopulated part of Rio Rancho, he admits that taxpayers may be on the pricey hook for several more years. Read more
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