Roundhouse Roundup: Authority Rents From Richardson Backer

Summary

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A major contributor to Gov. Bill Richardson's re-election campaign who made $3.2 million on a controversial land deal with the state three years ago is making $26,000 a month as the New Mexico Finance Authority's landlord.

Since March 2005, Sonny Otero and his wife, Lorraine Otero, have leased the three-story building at 207 Shelby St., between Alameda and Water streets, to NMFA.

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Roundhouse Roundup: Authority Rents From Richardson Backer

The lease started out at $18,750 a month for about 12,500 square feet of office space. That figure included utilities and downtown parking spaces for the agency's 36 or so employees. A few months later, NMFA exercised its right of first refusal and le...

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