King James (of NBA fame) has traded in his jersey for a gray business suit and a hard hat. The Atlanta Journal-Constitution reports that LeBron James and his business associates (a group of friends from high school formed LRMR Development LLC) are investors in a housing project in an urban neighborhood in Cleveland, Ohio.
plez sez: I applaud anyone who has the where with all to make a difference to use their popularity (and money) to do good things in our communities. Even though, this is my good news story for the day, upon reading the entire article, you should note that the 18-unit development will feature two- and three-bedroom, 2,000-square-foot townhouses expected to sell for $265,000 to $325,000 each.
This ain't no public housing project! It sounds like a gentrification project to me, I wonder how many people from the 'hood will be able to afford one of these units?
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