Warriors Hold Lavish Arena Groundbreaking Glen Taylor Commits $9M More To Arena Upgrades Braves Moving Spring Home To Sarasota County Seattle Mayor Arranging Talks With NHL, NBA Facility Notes Braves Pursuing Palm Beach County ST Complex Target Field Debt Being Paid Off Early FAA Approves Inglewood Stadium Project Goldman Committed To Financing Raiders' Vegas Venue Broncos Continue Search For Venue Naming-Rights
HEAT IS ON: GRIGSBY BACK INTO MUNICIPAL- BOND BUSINESS
Published October 8, 1996
Dade County, FL officials confirmed yesterday that Calvin Grigsby is getting back into the municipal-bond business, and wants to continue as an underwriter on Dade County financing, including the proposed $130M deal to build a new arena for the Heat, according to Charles Gasparino of the WALL STREET JOURNAL. Grigsby recently resigned as CEO of Grigsby Branford & Co., which is being investigated in an ongoing federal grand jury probe into municipal bond dealings in Miami. Grigsby's new firm is called Grigsby & Associates, and Dade officials say Grigsby informed them he will maintain offices in NY, Miami, LA, San Francisco, Sacramento and San Diego. (WALL STREET JOURNAL, 10/8). The probe of Grigsby Branford's dealings with Dade County is profiled by DeGeorge, et. al in BUSINESS WEEK. Grigsby Branford's "travails reflect grim times for minority-owned municipal-bond firms. Amid severe industry competition, several have suffered from notoriety surrounding government investigations" (BUSINESS WEEK, 10/14).