Minority-Owned Investment Firms Lands Big Deal to Redevelop New York’s JFK International Airport

Launched just shy of a year ago, American Triple I Partners (ATI) has captured its biggest deal as a financing partner for the JFK International Airport in New York.

JetBlue and JFK Millennium Partners chose ATI as a 30% equity investor in the JFK redevelopment, a project estimated to exceed $2 billion. New York-based ATI is a 100% minority-owned and managed business enterprise (MWBE). It is a developer and manager of infrastructure assets with decades of experience in project development and finance.

JetBlue, with sizeable operations at JFK, was selected by the Port Authority of New York and New Jersey to build a 1.2 million-square-foot terminal featuring up to 12 international gates, about 74,000 square feet of commercial dining and retail amenities, including lounges and recreational space.

ATI, affiliated with Siebert Williams Shank & Co., LLC, the nation’s largest minority-and women-owned financial firm, will be a financing partner for Terminals 6 and 7.

Plans call for ATI to focus its efforts on investing and managing funds for the project from traditional institutional investors and minority and female investors, along with helping lead the project’s community engagement initiatives.

An infrastructure investment firm, ATI was created after Henry Cisneros, the former U.S. Housing and Urban Development Secretary under President Bill Clinton, teamed with principals from Siebert Cisneros Shank to start the venture last February. SCS recently completed its merger with Williams Capital Group.

“With their vast investment and leadership experience and commitment to community partnership, we are proud to welcome American Triple I Partners to the team,” Lisa Reifer, vice president Infrastructure, Properties and Development, JetBlue, stated in a news release. “ATI’s participation strengthens and diversifies the JetBlue/JMP Partnership to the benefit of this world-class terminal project.”

American Triple I CEO David J. Cibrian shared with Black Enterprise via email what the project will mean for ATI financially. “As a fund manager, we are successful by maximizing revenues and minimizing/mitigating risks as much as possible in the projects we develop and manage. Our ownership stake will put us in a unique position to do that.”

He says it’s hard to overstate the importance of a project like this, both in terms of how it will improve the experience of the flying public and produce a positive economic impact on the New York City region. He added it will improve the image of U.S. airports in the eyes of our international visitors. “We were selected as part of an extremely competitive process because of the value, experience and capabilities we bring to the partnership.”

Cibrian reflected further why the project is a big deal for ATI and how it could help the firm generate new business at other big infrastructure projects around the country.

“The JFK project affirms Triple I’s position as an impact player in infrastructure finance and development,” Cibrian says. “Having been selected for such a critical project says a lot about the quality and experience of our team.”

Owners of ATI include Henry Cisneros, Cibrian, John Paul Cisneros, and Siebert Williams Shank principals Suzanne Shank, former New York City Comptroller William C. Thompson Jr., and Gary Hall, former chairman of the Municipal Securities Rulemaking Board.

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Minority-Owned Investment Firms Lands Big Deal to Redevelop New York’s JFK International Airport

Launched just shy of a year ago, American Triple I Partners (ATI) has captured its biggest deal as a financing partner for the JFK International Airport in New York.

JetBlue and JFK Millennium Partners chose ATI as a 30% equity investor in the JFK redevelopment, a project estimated to exceed $2 billion. New York-based ATI is a 100% minority-owned and managed business enterprise (MWBE). It is a developer and manager of infrastructure assets with decades of experience in project development and finance.

JetBlue, with sizeable operations at JFK, was selected by the Port Authority of New York and New Jersey to build a 1.2 million-square-foot terminal featuring up to 12 international gates, about 74,000 square feet of commercial dining and retail amenities, including lounges and recreational space.

ATI, affiliated with Siebert Williams Shank & Co., LLC, the nation’s largest minority-and women-owned financial firm, will be a financing partner for Terminals 6 and 7.

Plans call for ATI to focus its efforts on investing and managing funds for the project from traditional institutional investors and minority and female investors, along with helping lead the project’s community engagement initiatives.

An infrastructure investment firm, ATI was created after Henry Cisneros, the former U.S. Housing and Urban Development Secretary under President Bill Clinton, teamed with principals from Siebert Cisneros Shank to start the venture last February. SCS recently completed its merger with Williams Capital Group.

“With their vast investment and leadership experience and commitment to community partnership, we are proud to welcome American Triple I Partners to the team,” Lisa Reifer, vice president Infrastructure, Properties and Development, JetBlue, stated in a news release. “ATI’s participation strengthens and diversifies the JetBlue/JMP Partnership to the benefit of this world-class terminal project.”

American Triple I CEO David J. Cibrian shared with Black Enterprise via email what the project will mean for ATI financially. “As a fund manager, we are successful by maximizing revenues and minimizing/mitigating risks as much as possible in the projects we develop and manage. Our ownership stake will put us in a unique position to do that.”

He says it’s hard to overstate the importance of a project like this, both in terms of how it will improve the experience of the flying public and produce a positive economic impact on the New York City region. He added it will improve the image of U.S. airports in the eyes of our international visitors. “We were selected as part of an extremely competitive process because of the value, experience and capabilities we bring to the partnership.”

Cibrian reflected further why the project is a big deal for ATI and how it could help the firm generate new business at other big infrastructure projects around the country.

“The JFK project affirms Triple I’s position as an impact player in infrastructure finance and development,” Cibrian says. “Having been selected for such a critical project says a lot about the quality and experience of our team.”

Owners of ATI include Henry Cisneros, Cibrian, John Paul Cisneros, and Siebert Williams Shank principals Suzanne Shank, former New York City Comptroller William C. Thompson Jr., and Gary Hall, former chairman of the Municipal Securities Rulemaking Board.

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Hollywood Florida police say they are through with Antonio Brown

Hollywood Florida police are so tired of the disrespect that star NFL wide receiver Antonio Brown gives to the officers that they are returning his donation check and banning him from using their athletic field.

READ MORE: Antonio Brown files countersuit against accuser Brittany Taylor

Since December, things have been bad between Brown and the Hollywood Police Department, but things got much worse on Monday when police were called to a domestic incident at Brown’s home and were subsequently cursed out and degraded. An added insult, Brown posted the video to his social media pages, according to TMZ.

Police called Brown’s behavior “very rude and disrespectful” and have forbidden him from using the Hollywood Police Athletic League for workouts. If he returns, he faces getting arrested for trespassing. Police also returned a sizable check that Brown made for the organization’s 7-on-7 league.

“We will not take money from a donor that we cannot have our youth be proud of or represent our organization,” police said in a statement, according to TMZ. “While officers were on scene, Mr. Brown treated them with disrespect and disdain.”

The Hollywood Police Department added: “We made the decision to sever ties between Mr. Brown and the Hollywood Police Athletic League. We did not want our youth to be subject to this type of behavior nor emulate the actions of Mr. Brown.”

An earlier incident occurred on Dec. 14 when police were called to AB’s home for a domestic dispute involving Chelsie Kyriss, mother of his children, according to TMZ.

And then on Monday, when police were called back out to the house on another domestic complaint, they were met by an irate Brown who used “very degrading language in front of his young children,” according to police.

“Get the f–k out of here, you little pussies,” Brown can be heard on the video saying repeatedly. “B–ch ass n—-s.”

“The Bentley stays, the broke hoes go,” Brown adds.

READ MORE: Antonio Brown posts screenshot of $24 million balance in his bank account

Brown’s professional football career is on hold after the New England Patriots let him go last September after sexual misconduct allegations were made by his former trainer. Four months later, he is still without a team as the season is rapidly coming to a close.

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