TAMPA — Jeff Vinik's Channel District empire continues to grow. Now he can incorporate the outdoor mall into his eventual plans for his Channel District holdings.Vinik’s spokesman, Bill Wickett, confirmed that the closing was finished but declined to comment further.The Lightning owner paid $7.1 million to buy Channelside from its previous owner, the Irish Bank Resolution Corp. $2.5 million to renovate and expand a Boys and Girls Club recreation center in the Palm River area. Jeff Vinik, the owner of the National Hockey League’s Tampa Bay Lightning, is expanding his company’s sports and entertainment portfolio with the creation of a new parent company, Vinik Sports Group. Tampa Bay Lightning owner expands business portfolio with Vinik Sports Group . Last month, Vinik’s new company, CBP Development LLC, won control of Channelside when the litigants fighting over the failing downtown mall struck a last-minute court settlement. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.If you disable this cookie, we will not be able to save your preferences. The judge tried to recoup some of the original $27 million loan that was made for Channelside eight years ago. Completion of the closing also meant that Channelside has a new operator: Franklin Street. So as part of the recent settlement, the Tampa Port Authority chipped in $1.4 million to the bank’s liquidators.Vinik had won this summer’s auction for Channelside, but the result was challenged by Liberty Channelside LLC, a group of investors who spent months fighting for the plaza in federal court. This means that every time you visit this website you will need to enable or disable cookies again. The donation of an acre of land downtown for the new The $189 million medical school building is an anchor for the $3 billion Water Street Tampa project, which Vinik is developing in partnership with Cascade Investment, the private wealth fund of Microsoft co-founder Bill Gates. TAMPA — After nearly 33 years of marriage, Jeff and Penny Vinik, one of the Tampa Bay area’s leading philanthropic couples, are headed for divorce court.Penny Vinik, 57, filed a petition Monday in Hillsborough Circuit Court to dissolve her marriage with Jeff Vinik, 61, the owner of the Tampa Bay Lightning and a developer of Water Street Tampa.Without elaboration, the petition says the marriage is irretrievably broken.“Jeff and Penny respectfully request privacy while they amicably work on their relationship,” Bill Wickett, a spokesman for Jeff Vinik, said in an email to the Tampa Bay Times.Penny Vinik “has made a substantial contribution to the acquisition of the parties’ assets and the produce of income throughout this 33-year marriage,” the petition says. Estimates of Jeff Vinik’s net worth in 2013 were in the $500 million range, though he has added substantially to his business interests since then.“Although the marital estate is large, and the wife’s equitable distribution will be substantial, most of the assets are controlled by the husband," the petition says. More than $5 million to the USF’s Muma College of Business, which named its ? Penny Vinik seeks divorce from Tampa Bay Lightning owner Jeff VinikShow full articles without "Continue Reading" button for {0} hours. The IBRC took over the failed Irish bank that foreclosed on the waterfront property in 2010.The IBRC was being liquidated under the watch of a bankruptcy judge in Delaware. The parties enjoy a very high standard of living which should be maintained without interruption on a temporary basis.”In the past decade, Jeff and Penny Vinik have established themselves as one of the region’s most generous and wide-ranging philanthropic families.Since the outbreak of the COVID-19 pandemic, the couple’s donations to coronavirus relief efforts have approached ?
That was completed Tuesday afternoon.Vinik now owns Channelside, just like he owns the Lightning, the lease to the Tampa Bay Times Forum and 24 empty acres around the home of his hockey team.The Lightning owner was already a force in redeveloping downtown Tampa before he acquired Channelside. TAMPA — Tampa Bay Lightning owner Jeff Vinik now officially owns Channelside Bay Plaza.Last month, Vinik’s new company, CBP Development LLC, won control of Channelside when the litigants fighting over the failing downtown mall struck a last-minute court settlement.But just like any other piece of real estate, there had to be a closing.
Penny Vinik, 57, filed a petition Monday in Hillsborough Circuit Court to dissolve her marriage with Jeff Vinik, 61, the owner of the Tampa Bay Lightning and a developer of Water Street Tampa. Tampa Bay will open the season at the Times Forum on Oct. 9 against the Florida Panthers.Contact Jamal Thalji at thalji@tampabay.com or (813) 226-3404.
Bob Williams, US office.
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