Billionaire Stephen Ross Believes in South Florida—and Is Spending Big to Transform It [BNN Bloomberg (Canada)]
Goldman Sachs Group, Inc. (The) (GS)
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prospect: building a local outpost of Nashville's Vanderbilt University, an institution that would add educational prestige to an area booming with newcomers. The guest list was a who's who of state politics and finance, including Governor Ron DeSantis and activist investor Nelson Peltz, according to people familiar with the matter. The host and owner of the 1930s estate, the billionaire real estate developer Stephen Ross, loomed above it all. The Related Cos. founder, best known as the mastermind behind New York's Hudson Yards complex, had no prior affiliation with Vanderbilt. He was a relatively new resident of the Sunshine State, having spent the bulk of his career in Manhattan. Yet bringing a renowned university to nearby West Palm Beach would be a key piece to one of his most ambitious bets yet. In what's likely to be the capstone to his career, the 83-year-old Ross is going all-in on West Palm—and South Florida—as a new power center. After joining the mass of New Yorkers w
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