Ricardo Chaves says he won’t accept any outside cash to help in his quest to become mayor of Albuquerque. “I won’t take any campaign money, because I don’t want to be beholden,” Chaves said in a recent interview. “I want to represent all the people not just the special interests.”
So the 81-year-old retired Albuquerque businessman who founded Parking Company of America is relying on a different pile of money to push his mayoral candidacy over the line: his own. To date, Chaves has pumped more than $500,000 into his campaign war chest, mostly through loans. This story originally appeared at New Mexico In Depth and is reprinted with permission.