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Proto Equities Announces Definitive Agreement For Harlem Development

The Bio Cruise Will Stimulate the Local Economy and Restore Harlem as the Epicenter of African-American Culture.

PRLog - Sep. 22, 2012 - NEW YORK -- Proto Equities, a diversified financial consortium with equity positions in real estate, gaming, and resource exploration, has announced the conversion of a Memorandum of Understanding (MOU) to a Definitive Agreement (DA) to purchase 4 million shares of convertible bond notes that will securitize to equity at the satisfactory conclusion of a future development along the Hudson River, between 127th street and 136th street.

Proto Equities has formed a strategic partnership with Trigon Properties, who will act as lead manager on a project called “the Bio Cruise,” the first sustainable eco cruise that will sail to key environmentally notable locations throughout the world. Trigon Properties is a diversified  amusement park and gaming consortium most notable for pit-to-pier projects in the Pacific Northwest and casinos in Las Vegas, Atlantic City, Detroit, and various locations in Mississippi, as well as entertainment complexes and tourism-related enterprises in Dubai, Monaco, Shanghai, and Taipei.

Trigon Properties, with a long history of successful community real estate development management and land conversion expertise, assumes responsibility for the project, with sub management shared with divisional companies, including but not exclusive to Trigon Management, Trigon Leasing, and Trigon Financing.

“This project along the upper Manhattan waterfront will bring hundreds of living wage jobs to the neighborhood, improved services and an exceptional local school system,” said Paul Wannamaker, CEO of Proto Equities. “This is only possible though collaboration with private enterprise, government, and embedded academic institutions bringing to bear a broad range of financial and operational expertise. This is a win-win for the residents of Harlem, the people of New York and everyone who can benefit from a new wave of eco tourism that will simultaneously stimulate the economy and save the environment.”

Lew Gurwitz & Associates: http://lewgurwitz.com
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Source:Lew Gurwitz & Associates
Location:New York City - New York - United States
Industry:Real Estate, Finance, Tourism
Tags:Real Estate, new york, Public Relations, harlem
Last Updated:Sep 22, 2012
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