Kingsbridge National Ice Center Receives $30 Mil Investment
By David Cruz A powerhouse philanthropist group is adding some financial investment for the Kingsbridge National Ice Center, an allocation that serves as a validation the project is not on “thin ice” despite a lawsuit endangering the project. The Kresge Foundation, a Detroit-based institutional equity investment firm, has agreed to be the lead investor in a $30 million equity raise for KNIC, a project that’s estimated to cost $350 million to build, according to sources close to the deal. “The Kresge Foundation is one of the most prestigious and successful foundations in America,” said Messier in a statement. “Its decision
