Plans taking shape for redevelopment around Elitch Gardens, but park not going anywhere soon, owner says
When Rhys Duggan and his partners were discussing plans to purchase the 62-acre property bounded by the South Platte River, Speer Boulevard, Interstate 25 and railroad tracks in central Denver, they called it by the code name “doughnut hole.”
Aside from Elitch Gardens Theme and Water Park, the site is mostly surface parking lots surrounded by hip, redeveloped neighborhoods like LoDo and Highland.
Now, with a city-led planning process aimed at creating a long-term vision for the area rounding into shape, Duggan and his partners are releasing their vision for how they plan to fill that hole that they purchased in 2015 with backing from billionaire Nuggets and Avalanche owner Stan Kroenke.
Rest easy, roller-coaster lovers. Elitch’s isn’t going anywhere, Duggan said, though its 17 acres worth of parking lots are slated to eventually be replaced by a single parking structure and new buildings as part of Phase 1 of his project. Early conceptual plans call for a mix of office, residential..
Man who admitted luring investors to Colorado real estate scam now leads financing of $100 million Wisconsin redevelopment project
Provided by Wausau Pilot & ReviewRiverlife Village siteMore than 10 years after a former Denver man was charged with securities fraud for his role in an $8.3 million real estate scam, he continues to make monthly restitution payments to his victims.
But Jason Sharkey’s criminal background hasn’t stopped him from becoming a key player in an $80 million to $100 million riverfront redevelopment project in Wausau, Wis., that’s funded in part by city money, according to records from the U.S. and Canada.
The first phase of Riverlife Village is now under construction on 16 acres of city-owned land in Wausau, a community of about 39,000 people 100 miles west of Green Bay, with Sharkey running the project’s financing through a company he founded called Quantum Ventures.
“That’s insane. That’s just crazy, that’s what that is,” said Broomfield resident Thomas Severino Jr., one of many investors lured into the Colorado scam by Sharkey. He and his wife invested $40,000 with Sharkey, who still se..
Prominent Ohio investment manager opens office in Palm Beach
Halite Partners' announcement follows a broader trend of money managers and hedge funds opening up offices in Palm Beach County.
Fidelity names two new leaders for stock-picking unit
The duo are replacing Brian Hogan, who is moving to a leadership role in the personal-investing segment of Fidelity’s business.
Meet the eight Tampa Bay billionaires who control nearly $16 billion in wealth
Eight billionaires who live in Tampa Bay or have strong ties to the area landed on the Forbes ranking of the world’s billionaires for 2018.
They are among 51 Floridians who made this year’s list.
Edward DeBartolo Jr., the perennial leader on most lists of the richest people in the Tampa Bay area, leads the Tampa Bay delegation on the Forbes list.
See the photo gallery for DeBartolo’s net worth and rank on the Forbes list, along with those of seven others from the Bay area.
Jeff Bezos,…
NYSE, two other exchanges owned by Atlanta’s Intercontinental Exchange fined $14 million
The New York Stock Exchange and two affiliated exchanges owned by Atlanta-based Intercontinental Exchange Inc. (NYSE: ICE) were fined $14 million on Tuesday by the U.S. Securities and Exchange Commission for several market disruptions.
In an announcement, the SEC said it charged the NYSE, NYSE Arca and NYSE American based on five separate investigations. Two of the exchanges were charged with violating rules for business continuity and disaster recovery requirement. In one related event on July…
Attorney behind Capital One lawsuit: There are more suits to come
Until now, Houston been relatively immune to discriminatory lending cases that emerged after the mortgage crisis.
Union County’s de novo bank group names CEO
The proposed de novo community bank in Monroe now has a leader at the helm.
On Tuesday afternoon, the Union County group named longtime banker W.R. “Randy” Adcock as its president and chief executive officer. The group of 12 leaders, headed up by True Homes USA CEO David Cuthbertson and former banking executive Randy Helton, announced their intent to open a de novo bank last month. De novo refers to a newly chartered bank formed from scratch.
“Randy Adcock was instrumental not only in…
Colorado bank is raising money to continue its growth
Lakewood-based Solera National Bancorp, Inc. (OTC Pink:SLRK) said Tuesday that it is raising money from its current shareholders in a bid to continue its recent growth.
The bank holding company for Solera National Bank said it plans to raise $9.9 million from its shareholders and that the incremental capital will enable the bank to continue its growth trajectory and organic growth. The money also will allow the bank to “explore other growth opportunities as they arise,” accoriding to the bank's…
Greater Washington has 11 of the world’s billionaires
Eleven of the world's 2,208 billionaires live in Greater Washington, according to new rankings from Forbes.
Jacqueline Mars, heir to the Mars Inc. candy and pet food fortune, is the richest person in our region, coming in at No. 34 on the list with a $23.6 billion net worth. The Virginian's net worth has fallen since the last ranking a year ago, when she was No. 26 with $27 billion. We recently honored Mars Inc. at our Family-Owned Business Awards. Click here to read our profile about the notoriously…