Tuesday, August 4, 2009
Terwilliger's WNBA Dream Over...???
Atlanta Dream owner Ron Terwilliger ((pictured, thanks Ben Gray/AJC)) has informed the WNBA that he no longer wants to be sole owner of the franchise.
Terwilliger intends to remain an investor in the franchise, according to Bob Hope, who is part of an informal group from Atlanta charged with finding a new lead owner.
“His heart was in the right place, but life changed on him,” Hope said.
A.J. Robinson, president of Central Atlanta Progress, a downtown business group, also is part of the group searching for a new owner. Hope and Robinson were part of the original 12-person group that aggressively pursued a WNBA team for the city. Last season the Dream made their debut and finished a league-worst 4-30, but they currently are 10-10 this season.
Since 1986, Terwilliger has been chairman and CEO of Atlanta-based Trammell Crow Residential, one of the nation’s largest developers of apartments and condominiums. Commercial real estate has been hard hit by the economic recession.
Calls to Bill Bolen, president and CEO of the Dream, and to the WNBA were not immediately returned.