Letter from Magic Johnson to Jack. EXHIBIT 17.1!
As you may know, President Obama announced that the federal government would spend $7 - $12 trillion on the US infrastructure over the next 10 years. With this in mind, I launched an infrastructure fund, JLC Loop Capital Partners, to take advantage of the development opportunities nationally. Initially I thought it would take some time to raise capital, however, my team and I were fortunate that the first investor we approached invested $1 billion. Within the 1st quarter of 2016, we have over $1.3 billion in our newly formed fund that will require a significant and unwavering time commitment from me as I work to secure contracts around the country.
https://www.sec.gov/Archives/edgar/data/1512673/000119312516589702/d153714dex171.htm