Word: canizaro
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...thought I could do better in commodities. In commodities you make a profit, then you buy more, you pyramid. I was shorting wheat like crazy when Eisenhower landed Marines in Lebanon. Everybody bought wheat, and it soared. I lost all my $100,000.'' Canizaro...
...chance. While the International Trade Mart was under construction, he marched up all 26 stories to the top. "That walk up was the toughest work I ever did. Rough." He looked out and spotted the site where Canal Place is rising today. He determined to rebuild, the scruffy riverfront. Canizaro...
...Orleans is a conservative town, its bankers an inbred bunch who do not cotton to outsiders. And, as Canizaro remarks, "for many years New Orleans was not pro-Italian." He put a $5,000 deposit on a downtown plot, then tried to borrow more to buy it. "There was enough income coming in from the property to service the debt if only somebody would lend me the money." The Establishment would not. Finally, he found a small bank to make the loan, and he started prospering. Canizaro...
...buying and developing other properties, financed mostly by banks in Baton Rouge and New York. Several years ago he traded some land to the city in exchange for the Canal Place site. He got financing from New York and Iran's Bank Omran. After the Shah fell, Canizaro bought out the Iranians. Now he is negotiating with French financiers to become partners Already the first Canal Place building promises to return a profit of $1 5 million a year. Major tenants are moving in: South Central Bell, Brooks Brothers Coopers & Lybrand. For the next buildings, Canizaro has signed...
...Today Canizaro is a power in the New Orleans Chamber of Commerce the Downtown Development District, the Symphony, and a director of the Tulane University Medical Center. To some, he will always be an outsider "You can walk through New Orleans today and hear rumors that I am going broke " Small chance of that. Still, he says, "I honestly believe that if I lost everything I would be successful again in a reasonably short period of time." Canizaro...