Quote:
Originally Posted by tgannaway89
Sardar Biglari, local billionaire investor, purchased 23 acres on I-10 abutting Leon Creek and surrounded by The Rim development. He received a flood plain variation earlier this month on the land that is zone C3. Any idea what the plan for this land is?
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This is only speculation, but perhaps he is looking into building offices to work closer from home since he lives in Shavano Park. He has "moved" the headquarters for Steak n' Shake (Company, not Operations ) - which is soon to be named Biglari Holdings, to SA. SNS Company is the holding company, thus the name change to end confusion.
He's been quite ambitious as CEO; he merged with Western Sizzlin, which had its shareholders meeting here in town a couple of weeks ago, and has his offices in Ste. 100 in Whitacre Tower. He's in the process of acquiring Fremont Michigan InsuraCorp, and he previously fell short in efforts to buy Itex and Jack in the Box.