Business and Philanthropy
Davis co-owns the community development company Blue Devil Ventures (BDV) with former Duke teammate Christian Laettner and Duke alumnus Tom Niemann. Since 1995, BDV has been developing a community in downtown Durham, North Carolina named "West Village." BDV's website describes West Village as a "mixed-use, upscale community consisting of the adaptive-reuse of historic tobacco warehouses built between 1899 and 1926 and located in the Brightleaf District."
In 2005, Davis and Laettner donated $2 million to Duke's men's basketball program to endow an athletic scholarship and support the construction of a planned athletics center and basketball practice facility. Their donation to the Duke Legacy Fund — which seeks to make the Duke basketball program financially self-sufficient — represents the largest donation by former Duke basketball players to the program since Grant Hill endowed a $1 million scholarship in 2000.
In October 2006, it was reported in The Commercial Appeal that an investment group including Davis and former Blue Devils and Timberwolves teammate Christian Laettner had reached an agreement to purchase the 70% share of the NBA's Memphis Grizzlies franchise from current majority owner, Michael Heisley. However, the deal fell through when Davis's group failed to meet the deadline. Davis and Laettner were also involved in a group negotiating to operate Major League Soccer's D.C. United.
Read more about this topic: Brian Davis (basketball)
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