FEATURE
‘High Times’ Launches Fund for Cannabis Investment
January 4, 2014 | Denver Post
Executives at High Times, a New York publication that has covered the marijuana scene for four decades, are launching a new private-equity fund expected to boost Colorado's newest industry. The HT Growth Fund plans to raise $100 million over the next two years to invest in cannabis-related businesses. With Colorado the first state to legalize the sale of recreational marijuana, firms based here are in line to snag a large share of that investment money.
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As St. Louis' TIF Tab Grows, More Are Asking for Limits
January 5, 2014 | St Louis Post Dispatch
Today, there are 122 TIF-funded projects in the city of St. Louis that are either built or under development. TIF districts cover everything from an industrial park on the south riverfront to a truck stop on North Broadway. They line the central corridor, financing downtown loft rehabs and the vast Cortex research park, where sales tax revenue from the new Ikea will pay for streets and parks. In a city struggling with decades of population loss and weak real estate values, it’s no wonder TIF has become a popular tool. But that’s not without cost.
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Solar Power Craze on Wall St. Propels Start-Up
January 4, 2014 | New York Times
The nation’s largest provider of rooftop solar systems, with more than 80,000 customers has not made a dime. And, frankly, no one quite seems to know when, or if, it will. But SolarCity has captured investors’ imaginations and become a potent symbol of a stock market ascent that makes the vertigo-inducing heights of Twitter seem tame. SolarCity’s share price, which closed at $59.27 on Friday, has soared more than sevenfold since it went public, and the company, which did not exist eight years ago, is valued at roughly $4.9 billion.
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