A $70 billion investment manager turned the Milwaukee Bucks into a basketball powerhouse. Now he's set on improving America's dismal passenger trains

France Nouvelles Nouvelles

A $70 billion investment manager turned the Milwaukee Bucks into a basketball powerhouse. Now he's set on improving America's dismal passenger trains
France Dernières Nouvelles,France Actualités
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 64 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 51%

Wes Edens has money in professional sports teams, including esports, on multiple continents. His next bet is shuttling you between Miami and Disney.

When Wes Edens bought the Milwaukee Bucks in 2014, the team was 15-67. This year, they're a top seed in the playoffs.Wes Edens, founder of Fortress Investment Group and the owner of several professional sports franchises, thinks he's found the cure.

From the white sand of Miami's South Beach and its nearby cruise ship ports, through the palm-laden groves of Broward County, all the way up through Orlando and Disney is one of the country's most densely built metropolitan areas., and the Everglades on the other, the region is quickly running out of room to expand traffic lanes and keep up with an increasing population.

That's exactly what he's done with the areas surrounding Milwaukee's downtown Fiserv Forum arena, and hopes to recreate with its Downtown Miami Central station. The 3 million square-foot complex also happens to be on the site where one of Edens' heroes — Henry Flagler of the iconic 19th century Florida East Coast railroad — built the city's first terminal in 1896.

"It's a part of Miami that has been under invested versus the Brickell areas and some of the downtown stuff," Edens said."It's thick with development activity now and I think the train's been a big part of that."American cities like Denver are only part of the story. America, after all, has long struggled to make passenger rail a viable alternative to car-clogged highways — even in dense corridors like the Northeast from Washington D.C.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

BusinessInsider /  🏆 729. in US

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Google set to lose more than $70 billion off its market cap after 'nasty combination' of slowing ad traffic and drop in sales per clickGoogle set to lose more than $70 billion off its market cap after 'nasty combination' of slowing ad traffic and drop in sales per clickAlphabet plunged 8% in premarket trading on 'a nasty combination of growth in traffic to Google ads slowing, and lower revenue per click from those ads.'
Lire la suite »

Google set to lose more than $70 billion off its market cap after 'nasty combination' of slowing ad traffic and drop in sales per clickGoogle set to lose more than $70 billion off its market cap after 'nasty combination' of slowing ad traffic and drop in sales per clickAlphabet plunged 8% in premarket trading on 'a nasty combination of growth in traffic to Google ads slowing, and lower revenue per click from those ads.'
Lire la suite »

China and India will become asset management 'powerhouses,' top fund manager saysChina and India will become asset management 'powerhouses,' top fund manager saysChina and India are poised to become 'real powerhouses' for the asset management industry, Standard Life Aberdeen Vice-Chairman Martin Gilbert told CNBC at the first Financial Sector Conference in Riyadh, Saudi Arabia.
Lire la suite »

Samsung plans $116 billion investment in non-memory chips to challenge TSMC, QualcommSamsung plans $116 billion investment in non-memory chips to challenge TSMC, QualcommSamsung Electronics Co Ltd plans to invest $116 billion in non-memory chips thro...
Lire la suite »

Wirecard lands $1 billion investment from Japan's SoftbankWirecard lands $1 billion investment from Japan's SoftbankJapan's Softbank Group Corp will buy a 5.6 percent stake in Wirecard for ar...
Lire la suite »

Here's how Netflix remains an investment darling despite billions in outstanding debt and a junk ratingHere's how Netflix remains an investment darling despite billions in outstanding debt and a junk ratingNetflix has put more bonds into the markets as yield-hungry investors gobble up the company's offering despite the competitive streaming landscape.
Lire la suite »

Saudi Sovereign-Wealth Fund Plans to Raise Billions in Debt for InvestmentsSaudi Sovereign-Wealth Fund Plans to Raise Billions in Debt for InvestmentsSaudi Arabia’s sovereign-wealth fund is planning to tap the debt market for billions of dollars it needs for investments to help deliver Crown Prince Mohammed bin Salman’s ambitious economic overhaul.
Lire la suite »

Ray Dalio, the hedge fund manager decrying wealth inequality, made $2 billion last yearRay Dalio, the hedge fund manager decrying wealth inequality, made $2 billion last yearRay Dalio, the founder of the biggest hedge fund in the world, was the highest-paid hedge-fund manager in the world last year.
Lire la suite »

$11.6 Billion Identity Manager Okta Poaches Longtime Google Exec To Be Its Chief Product Officer$11.6 Billion Identity Manager Okta Poaches Longtime Google Exec To Be Its Chief Product OfficerOkta, an identity management company with a $11.6 billion market cap, has poached long-time Google executive Diya Jolly to serve as its new chief product officer by jillianiles
Lire la suite »



Render Time: 2025-03-10 09:05:51