Jeff Vinik sells share in development group behind Water Street
June 29, 2023 - Tampa Bay Lightning owner Jeff Vinik has sold his stake in the Water Street development group Strategic Property Partners to Microsoft co-founder Bill Gates' Cascade Investment Fund LLC. Financial details were not closed about the sale, which was executed this week. According to a news release, Vinik will remain an active adviser in the second phase of the Water Street development. "Cascade stands firmly committed to supporting SPP by providing and attracting additional capital for continued mixed-use development as Tampa realizes its future as an international beacon of business innovation, talent and culture,” Cascade’s Chief Investment Officer Michael Larson said in a statement.