Ex-Uber CEO Travis Kalanick invests $150 million to redevelop parking lots

Original Source    2018-03-20 23:03

When he was chief executive of ride-hailing company Uber Technologies Inc., Travis Kalanick worked to reduce the need for parking lots. Now he’s making a business out of them.
Kalanick, who stepped down as Uber CEO last June under pressure from investors, said Tuesday he is investing $150 million into distressed real-estate outfit City Storage Systems LLC where he will take the top job. CSS redevelops parking lots as well as real estate for retail and industrial uses like those for food services…

Original Source