Flat Tires on Economy

From a Denver Post story yesterday came news about jet manufacturing entitled "All the Air Taken Out"  in which they mention Eclipse Aviation's challenges:

The very-light-jet industry, which just recently seemed a promising economic-development niche for Colorado, has nearly fizzled out in the state. Within the past 3 1/2 months, Adam Aircraft and Aviation Technology Group, both based at Centennial Airport, have gone from up-and-comers in a potentially lucrative new business to shells of their former selves.

Even Eclipse was challenged   Even the most successful startup in the VLJ market, Eclipse Aviation in Albuquerque, has run into challenges.  ...

This morning the Albuquerque Journal's Sean Olson gives us the news about a defaulting developer  who insists this doesn't mean a thing for 57,000 acres in Albuquerque.   

California-based SunCal, developer of Albuquerque's massive Westland project, has had a rough year with some of its California and Nevada ventures— but insists that will have no bearing on its plans here. 

SunCal Companies defaulted on $184 million in loans— losing five properties in foreclosure.  At least nine lawsuits are pending in those states.

Moody's last month removed a bond rating on one SunCal company responsible for four developments in Southern California.  About $17.5 million in liens have been filed in two of its California projects.

But SunCal, which bought 57,000 acres from the heirs of the Atrisco Land Grant on the West Side last year for $250 million, insists none of its struggles to the west will affect the Westland project here.