Word: boca
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...Century fighters to B-52 bombers, is one of the big reasons why Douglas' DC-8 and Boeing's 707 transports are sewing up the commercial jet market. Several months ago Fred Rentschler's health began to fail. Last week, at 68, he died at his Boca Raton, Fla. home. Almost until the end, United's Board Chairman kept his hand on the throttle, not wishing to lose a single day. No one understood better the mission of his company and the stakes it played for in the constant race to make the U.S. supreme...
...major political parties. Hence the threat of governmental encroachment continues for our industry regardless of which party is in power." With these words, Harllee Branch Jr., president of the Edison Electric Institute and boss of the big Georgia Power Co., last week warned 650 private power men meeting at Boca Raton, Fla. of the "longstanding" threat of socialization of the U.S. private power industry...
...pleasure domes built along Florida's Gold Coast in the late 1920s, none was more ornate than the Boca Raton Hotel & Club, 42 miles north of Miami. Put up by Utilitycoon Clarence H. Geist as the world's flossiest private resort, it cost $10 million, had 450 rooms, indoor and outdoor swimming pools, two 18-hole golf courses, dozens of fountain-filled gardens and a beach-front cabana that is bigger than most hotels. During the Depression, Geist ran Boca Raton as his private hobby, happily paid its staggering deficits. But when he died in 1938, the club...
Last week Boca Raton got a new lease on luxury. In the biggest deal in recent Florida history, Arthur Vining Davis, one of Alcoa's founders, paid out $22.5 million to J. Myer Schine for the hotel and 1,000 acres of land. Davis, who owns 1,336,824 shares (6.5%) of Alcoa common stock and ranks among the world's richest men (one estimate: well over $350 million), plans to revamp the club into a resort for millionaires, cut up the land into estates. Said Davis: "While Florida will always offer ideal home sites for the middle...
...Wilderness. All told, Davis has spent between $40 million and $50 million on Florida's future. And he has just begun. Besides his plans for Boca Raton, he has ideas for a $20 million shopping center south of Miami at Kendall. In January he bought Miami's Metropolitan Bank, and this week he signed a long-term lease on another big property near Delray Beach, where he plans to put up a $1,500,000 hotel. He is also busy developing the island of Eleuthera, 75 miles east of Nassau in the Bahamas. There, Davis, who has five...