Travis Kalanick Getting Into the Redevelopment Business
Travis Kalanick has landed on his feet after being ousted from Uber in June 2017—and his new gig is of obvious interest to planners and urbanists.
"The controversial Silicon Valley entrepreneur is joining a startup called City Storage Systems that focuses on repurposing distressed real estate assets like parking lots or abandoned strip malls and turning them into spaces suited for new industries, such as food delivery or online retail," report Johana Bhuiyan and Theodore Schleifer.
The company previously operated under the name CloudKitchens, but Kalanick's $150 million investment in the company will buy-out most of the company's previous outside investors, and place him in charge of the newly named startup as CEO.
The article includes more details about the ambitions of Kalanick in his new role.