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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 64 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Well - sorta. The best player in a generation also fell into their laps. Kinda helped.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Google 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.' AdWords is the new TV BFD. was trading at that level 10 days ago. This curve can't go on forever.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Google 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.' AdWords is the new TV BFD. was trading at that level 10 days ago. This curve can't go on forever.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Samsung 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...
Source: Reuters - 🏆 2. / 97 Read more »

Wirecard lands $1 billion investment from Japan's SoftbankJapan's Softbank Group Corp will buy a 5.6 percent stake in Wirecard for ar...
Source: Reuters - 🏆 2. / 97 Read more »

Here'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. Keep up the Pump!
Source: BusinessInsider - 🏆 729. / 51 Read more »