“A rift is brewing between Black-owned businesses in Five Points and a private investment firm focused on reviving the rapidly gentrifying neighborhood.
State of play: Matthew Burkett — who runs Denver-based investment firm FlyFisher Group — filed a lawsuit against the owner of Coffee at the Point for allegedly failing to transfer the assets of the business in exchange for 60% interest in the company, which was outlined in a 2020 agreement.
Now, the investments and partnerships Burkett established with Coffee at the Point and other area Black-owned businesses — which he also is suing — are crumbling, and what’s left of Five Points, described by some locals as “the soul of the city,” could be further fractured and in flux.”
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Alvarez, Alayna. Axios Denver 7 April 2022.