Chapter 6 - Crescent Harbor
The Crescent Harbor project was supposed to be a luxury residential development outside Denver.
Private club.
Boutique hotel.
Thirty-six high-end residences.
Projected development cost:
Approximately $94 million.
The sponsor was a company called:
Aurelius Development Partners.
My mother had invested early.
I had not.
Six months earlier, Evelyn asked whether Vance Capital would participate.
I reviewed the numbers.
Land debt too high.
Pre-sales too weak.
Construction assumptions too optimistic.
I said no.
She asked:
“Personally?”
“No.”
“Even a guarantee?”
“Absolutely not.”
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I thought that ended it.
It did not.
