Black investment group seeks to invest millions in Connecticut
Representatives of an investment group led by former NBA star Earvin “Magic” Johnson visited Bridgeport on Wednesday, met with developers and expressed interest in several large ventures.
(connpost.com) Bob Turner, a partner in Canyon-Johnson Urban Funds, said he would like to invest $40 million to $200 million in the state’s largest city.
“We recognize that urban revitalization is crucial for the state. We would not be here if we were not interested,” said Turner, a fast-talking former Wall Street trader now based in Beverly Hills, Calif.
He expressed interest in an ongoing project to transform downtown into an enclave of apartments aimed at commuters and young professionals, and an emerging plan to convert the former Remington shaver plant near Seaside Park into housing, retail stores and possibly a high-speed ferry terminal. (more…)
