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Magic words: Outwork everyone, over-deliver

Detroit Free Press - Detroit, MI, USA - Earvin Magic Johnson, pride of Lansing Everett High School, basketball legend with the Michigan State Spartans and Los Angeles Lakers and now business tycoon, wants to build a movie theater complex in Detroit -- and perhaps buy and grow a couple Michigan businesses with a new $500-million private equity fund he's about to launch.

Johnson, 47, already owns four Starbucks coffee shops in Detroit and one in East Lansing, but that's just a small portion of his growing empire of 110 Starbucks, six movie theater complexes, 31 Burger King restaurants, a dozen 24-Hour Fitness centers and nearly $1 billion worth of real estate projects in urban markets across the country.

"I tried to put a theater in Detroit when Dennis Archer was mayor," Johnson told me Thursday, "but there was confusion over where to put the casino location then. I've been talking to Mayor Kilpatrick; he'd like to see a cineplex downtown."
Source : Originally Published Detroit Free Press - Detroit, MI, USA, May 25, 2007
Celebrities : Magic Johnson
Categories : Speakers News
Posted 5/25/2007 12:05:18 AM | Permalink
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