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Johnson Brings Magic to Urban Development

Basketball legend's fund has raised $1B, despite realty slump

By Sam Gale Rosen, Newser Staff

Posted Apr 16, 2008 2:29 PM CDT

(Newser) – Amid the subprime and recession chaos sits a gleaming urban development fund that has banked $1 billion with basketball legend Magic Johnson at the helm. The Canyon-Johnson Urban Fund has already completed major projects in Hollywood and Chicago, reports the LA Times, and, Johnson says,... Read full story »

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Johnson Brings Magic to Urban Development

Basketball legend's fund has raised $1B, despite realty slump

Magic Johnson • Canyon-Johnson Urban Fund • urban development

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