Project Management and Financing Firms, Newport Global Group, Ltd. and CIG Capital, LLC (CIG CAP) propose a USD 4.5 billion Development Project in Dallas, Texas
Newport Global Group, Ltd. and CIG Capital, LLC (CIG CAP) gathered this weekend to showcase nine development projects they plan to finance in and around Dallas, Texas for a total of USD $4.5 billion, subject to final terms and conditions. City officials joined the celebration and expressed their support.
DALLAS, Aug. 17, 2018 /PRNewswire-PRWeb/ -- The projects Newport Global Group, Ltd. and CIG Capital, LLC (CIG CAP) propose include: energy, health care, veterinary medical services, community infrastructure, aviation, and housing. The development is projected to bring 4,000+ jobs to the Dallas area. The groups met over a three day showcase event at the Omni Hotel in downtown Dallas. Each developer presented his proposal and calculated its impact on Dallas. A formal meet and greet with Dallas city officials was held; after which, the presenters concluded the session with a contract signing event.
Charles D. Carey, Managing Partner of CIG Capital, LLC was quoted, "This will mark one of the largest, single investments in the Dallas community to date".
CIG Capital, LLC will coordinate funding and loan servicing for the proposed projects. Newport Global Group, Ltd, will provide project management services, which will include master planning and appointing all: architectural, design, construction, engineering and vendor services with the support of their Japanese agent, JCA Holdings, Co., Ltd.
C. Solar, LLC, Select Fuels, LLC and Powersite, LLC, represent the energy projects proposed in the development. C. Solar, LLC aims to provide a solar energy source to power the entire Red Bird development project, making it entirely self-sustaining. Select Fuels, LLC is set to provide waste to energy solutions. Powersite's goal is to provide tomorrow's power plant and energy exchange to the city of Dallas and surrounding areas.
Red Bird Park, LLC and Red Bird Vet, LLC seeks to create an impact on the community by providing a sports complex featuring: Olympic-sized facilities, outdoor recreational space, health care services, state of the art veterinary medical services, hotels, housing complexes which include luxury apartments and pet friendly condos with direct access to a luxury pet resort, as well as various retail and restaurant spaces.
Black Family Aviation Group, LLC, Aquila Air, Inc (ZJetAir) and Glimpse Aviation, LLC all plan to operate out of the Dallas Airport. Black Family Aviation Group, LLC specialized company with over 70 years of operational history, is among the premier air medical providers in the nation; they plan to construct an operation base at the airport. ZJetAir aims to provide business club air travel services to select cities out of this Dallas, TX headquarters. Glimpse Aviation will offer private air charter services, and FBO services for all aviation aircrafts from the proposed location.
Triton Uptown, LLC has a vision to transform the current Dallas skyline. They plan to create a multi-use skyscraper and complex that combines: condominiums, office and retail into one space. The builders are currently in talks with world-renowned architects and developers. Groundbreaking is slated to begin this fall (2018), with an anticipated completion date of 2022. This landmark development brings unprecedented innovation to a single project. The scope and magnitude of this completed project will forever change the landscape and lives of the Dallas community.
This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements.
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SOURCE CIG Capital, LLC
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