Jones Paves The Way Near Colo. Ranch

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.


In Depth

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedging Against Reputational Risk in the 21st Century

Feb 12 2016 | 7:18pm ET

For investors, the first step in researching a new fund or manager is to google...