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In 1974, the Columbia development got a political boost as the population of Columbia supported a slate of at-large council candidates with Columbia interests, including Ruth U. Keeton, Lloyd Knowles, and Columbia's city manager, Richard L. Anderson. [19] In 1979, Simon H. Schuer acquired a 7.5% interest in the Rouse Company.
Howard Hughes Holdings Inc., formerly the Howard Hughes Corporation, is a real estate development and management company based in The Woodlands, Texas. It was formed in 2010 as a spin-off from General Growth Properties (GGP).
Originally known as Summa Corporation, the Howard Hughes Corporation formed in 1972 when the oil-tools business of Hughes Tool Company, then owned by Howard Hughes Jr., floated on the New York Stock Exchange under the "Hughes Tool" name. This forced the remaining businesses of the "original" Hughes Tool to adopt a new corporate name: "Summa".
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In 2010, The Downtown Columbia Plan passed, requiring the developer, General Growth Properties (now the Howard Hughes Corporation), to renovate Merriweather before additional development could occur in Columbia. In 2014, County Executive Ken Ulman proposed a bill to relieve Howard Hughes of the renovation expense including a $10 million grant.
In September 1994, Summa Corporation was renamed The Howard Hughes Corporation, both to honor Howard Hughes and to fulfill his original intentions of keeping his name on the business. [ 6 ] In February 1996, Hughes's heirs sold the Howard Hughes Corporation to the Rouse Company for $520 million, plus half of any future profits from the company ...
About The Howard Hughes Corporation® The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S.