Word: ruidoso
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...dropped from $32 a barrel to $9, the Texas economy went dry -- and just about everything that Connally and Barnes touched turned bad. Their $14 million, 14-story office building in Houston, 80% vacant, was foreclosed on and sold at auction. A swanky housing development, Triple Crown condominiums in Ruidoso Downs, N. Mex., is the target of a foreclosure suit. More than a quarter of the 212 lots in Austin's plush estates of Barton Creek sit unsold. A creditor has sued to foreclose on four shopping centers; a fifth has already been lost...
...Cajun country. The family is dirt poor and luckless, until the day Dad gets his hands on a promising foal. He names the colt Casey's Shadow because of its attachment to his youngest son, and decides to race it in the $1 million All-American Futurity at Ruidoso, N. Mex. Will Dad be able to come up with the race's stiff entry fee by deadline? Will the horse recover from injuries it suffers during training? Will a mean old rival trainer try any hanky-panky? Will mighty Casey strike out in the stretch...
...time it took to read the previous paragraph, the world's richest horse race was over. The million-dollar quarter-mile All-American Futurity, run last week at Ruidoso Downs, N. Mex., was won in exactly 21.98 sec. As the ultimate sprint for quarter horses−cowboy mounts bred for brief bursts of speed, often by crossbreeding with thoroughbreds−the Futurity yielded an opulent purse of no less than $330,000 to the winner, a fat 58% more than the $209,600 first prize at the Kentucky Derby. Even the tenth horse, which was scratched, collected...
...have long enjoyed pitting their fastest horses against the pride of their neighbors. But race-track betting is outlawed in Texas. As a result, the twin capitals of quarter-horse racing−and the site of the All-American Futurity for 17 years−are the adjoining towns of Ruidoso and Ruidoso Downs, located in the bone-dry Sacramento Mountains, across the state line from El Paso. Every Labor Day weekend the population of these sleepy communities soars from 5,000 to 35,000 as quarter-horse fanatics swarm in by Cadillac and Continental Mark IV, jam the local airstrip...
...race day a crowd of more than 15,000 pours into the small Ruidoso Downs track. In the exclusive Jockey Club, ranchers and oilmen accompanied by bejeweled blondes in cowboy boots unload fistfuls of $100 bills at the tote windows. Their bets, combined with those of the grandstand, bring the handle...