The Wealth Creation Fund and who do we see here in this opening image with Caliber CEO Chris Loeffler and - none other than Mesa Mayor John Giles and former AZ State Senator Bob Worsley, who gambled on downtown Mesa real estate speculation for his own private wealth at the same time holding public office. Oh yeah - and that's W Tim Sprague at second left. He's Worsley's business partner in Habitat Metro that proposed building a $130-million dollar luxury hotel atop a parking lot in our neglected, distressed and low-income downtown area that is now an OPPORTUNITY ZONE
Here's Hizzoner The Mayor with another principal in the 7th Caliber Wealth Creation standing right in middle of Main Street . . . last year we learned that a number of holding companies [dba CH Holdings LLC registered at Worsley's resiidence here in Mesa] gained title to more than eight commercial properties at about a cool $1-million each by the end of December 2017 on Main Street, to capitalize in real estate speculation in some of Mesa's Opportunity Zones where downtown meets the qualifications as a neglected and distressed area. Did they have "Inside information" on changes in the new TCAJA? perhaps . . . no one is saying. 
< Except former AZ Senator Bob Worsley who showed up in public at a Mesa City Council meeting in February 2018 with former U.S. Congressman Matt Salmon, hired on by ASU as a highly-paid lobbyist for ASU just before he resigned to take on his new job, hoping to ride the boom in student housing and retail that devoured downtown Tempe and made it a party-town.
They're gambling millions with 2x or 3x increases in value on returns in the mid-teens or higher from somewhere to activate their dormant capital sitting-on-the-sidelines - that's if they "Do it right", with either (1) the prime bait being bringing ASU somehow to downtown or (2) the Massive Mormon Make-Over of Downtown Mesa by for-profit affiliates of The Church of Jesus Christ of the Latter-Day Saints.
No Financial Details were ever disclosed or ever revealed to bring a smaller-scale version [9.2 acres] of the 23-acre City Creek Reserve in Salt Lake City right here. That cost was estimated to be anywhere from $2-$3 Billion dollars.
Property Reserve and CCRI admitted they had been talking with city officials for years. If readers of this blog want more information, just use THE SEARCHBOX at the top left or bottom right.
_________________________________________________________________________________
Here's a recent streaming video upload from the Caliber Channel on YouTube. Do you see any feature of their Downtown Mesa Portfolio?
Views: 6
