Thursday, 26 March 2015
Last updated 1 hour ago
Apr 25 2013 | 10:08am ET
Paul Tudor Jones' latest philanthropic effort is an unusual one.
The Tudor Investment Corp. founder has put up $4 million to help Colorado improve a road that runs near his ranch in the state. Jones had previously given almost $1 million to get the project started.
Jones' money will go towards expanding about 11 miles of State Highway 9, near its northern terminus at Kremmling. The road will be widened, with eight-foot shoulders added, large enough to accommodate a bike lane, and vehicle recovery areas added. In addition, five wildlife underpasses and two wildlife overpasses would be built, with fences to direct wildlife to the crossings.
Jones' Blue Valley Ranch is located outside of Kremmling.
"Almost daily we witness collisions between wildlife, cars and trucks out on Highway 9," Perry Handyside, who manages Jones' ranch, said. "We decided we had to step forward and help."
Local governments in the area still need to raise $4.3 million for the $46 million project.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…