The Black billionaire, a Denver native, has an $8 million stake in the project, according to a deposition in a lawsuit.
, a Denver organization promoting health, wellness and education, had been leasing space in the Park Hill Golf Course clubhouse. But the group, which was founded in 1989, got into a dispute with the developers over its use of the clubhouse, which resulted in a falling out and, ultimately, a lawsuit.
, which counts Denver City Council at-large candidate Penfield Tate and former mayor Wellington Webb as members, argue that the Park Hill Golf Course is an important piece of open space in a rapidly developing city. In fact, while Webb was mayor, the City of Denver placed a conservation easement on the property to prevent development at the golf course. Save Open Space Denver and other opponents say this land would best serve Denver if the city turned it into a municipal park.
In 2020, Smith admitted to his involvement in an"illegal scheme to conceal income and evade millions in taxes by using an offshore trust structure and offshore bank accounts," according to a. As part of that agreement, which got Smith off the hook from a potential indictment, Smith agreed to provide information on a former business partner. He also agreed to pay $139 million in taxes and penalties and abandon $182 million in charitable contribution deductions.
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