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

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...