Magic Johnson hopes he still has the scoring touch.
The NBA great said Monday he has millions of dollars in an infrastructure investment fund — and is looking to put it to work around the world.
The fund is scouting out partners and projects, the three-time MVP said.
Johnson, chairman and CEO of Magic Johnson Enterprises — the same firm that brought Harlem a movie theater — has launched the JLC Infrastructure Fund with Jim Reynolds, CEO of Loop Capital Market.
“I’m excited about infrastructure because this will happen for the next 25 years, because we will be rebuilding America,” Johnson said at a global finance and infrastructure forum at the Bloomberg Building.
Reynolds, an unabashed Hillary supporter who was down in the dumps on election night, said he got excited when he heard then-President-elect Trump saying he would invest $1 trillion to rebuild the nation’s infrastructure.
“I never heard anyone say that before,” Reynolds said, later declaring infrastructure is “not Democrat and not Republican, but the basic needs of the citizenry.”
JLC is already developing a terminal at the new Denver airport and expects to maintain its focus on including mom-and- pop businesses, minorities and women.
Kentucky’s energetic Gov. Matt Bevin, who wears a red pin emblazoned with a scissors to represent cutting the red tape of regulations, said he is open to leasing everything from rest stops on Interstate highways to facilities at state parks.
Looking at Johnson and Reynolds, Bevin said if their company succeeds, “We won’t refer to it as Urban America anymore but as Earvin America.”
