Tuesday, October 03, 2006

Grizzlies changing ownership?

Former "Dukie" Brian Davis, along with Christian Laettner, and at least one "famous person", are getting set to buy the Memphis Grizzlies. Being a Duke fan, I can't think of anything better. Here are a couple of quotes from today's Commercial Appeal.

East Coast real estate developer Brian Davis has an agreement to become the Grizzlies' majority owner and ambitions of leading a $500 million to $1 billion transformation of the neighborhood around FedExForum.

Davis said he'd relocate to Memphis and has no intention of moving the team..."I'm coming here to be here for the rest of my life," Davis said.

Davis is managing partner of Blue Devil Ventures, a Durham, N.C.-based development firm that specializes, its Web site says, in adaptive reuse of historic urban properties. He said projects extend from Durham to Baltimore and Philadelphia. He said development around FedExForum could include upscale commercial space, hotels, and condominiums.

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