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{{Short description|American businessman (1934–2004)}}{{Infobox person
⚫
'''William M. Grace''' (September 10, 1934 - 2004) was a building developer who played an important role in bringing casinos to the Midwest.
⚫
| name = William M. Grace
| other_names = W. M. Grace
⚫
| birth_date = September 10, 1934
| birth_place = [[Burlington Junction, Missouri]], U.S.
| death_date = April 25, 2004
| death_place = [[Houston, Texas]], U.S.
| occupation = Real estate developer
| employer = W. M. Grace Companies
| spouse = Ann Katheryn Grace (m. 1955)
| children = 3
⚫
}}


⚫
'''William M. Grace''' (September 10, 1934 – April 25, 2004)<ref name=":0">{{Cite web |title=Arizona Republic 30 Apr 2004, page Page 27 |url=https://www.newspapers.com/image/125567240/ |access-date=2023-01-10 |website=Newspapers.com |language=en}}</ref> was a building developer who played an important role in bringing casinos to the Midwest.
⚫
Grace was born on a farm near [[Burlington Junction, Missouri]]. He received a B.S. and later and MBA from [[the University of Arizona]] in 1959. He taught at [[Arizona State University]]. In 1966 W.M. Grace
Construction and W.M. Grace Development Company initially headquartered in [[St. Joseph, Missouri]] but later headquartered in Arizona.<ref>http://wmgracefoundation.com/</ref>


==Biography==
The company built shopping centers and houses throughout Arizona and Missouri as well as well some of the first public buildings at [[Missouri State University]] as well as the B.D. Owens Library at [[Northwest Missouri State University]].<ref>http://www.builderpublications.com/images/wm_grace.pdf</ref>
⚫
Grace was born on a farm near [[Burlington Junction, Missouri]]. He received a B.S. and later an MBA from [[the University of Arizona]] in 1959. He taught at both the University of Arizona and later [[Arizona State University]] while working as a field engineer for [[Reynolds Group Holdings|Reynolds Aluminum]] in Phoenix. He then moved back to Missouri and in 1966 he founded W.M. Grace
Construction and W.M. Grace Development Company initially headquartered in [[St. Joseph, Missouri]], but later headquartered in Arizona.<ref>{{cite web|url=http://wmgracefoundation.com/ |title=Home |publisher=Wmgracefoundation.com |date= |accessdate=2011-12-05}}</ref> In 1970 Grace established branch offices in Denver, Colorado and Phoenix, Arizona with the latter becoming the corporate office. The company designed, built and/or leased shopping centers, office buildings, banks, hotels, casinos, apartments and industrial facilities throughout the central and western United States.<ref name=":0" />


At the time of his death on April 25, 2004, Grace's company was ranked the 31st largest privately held company in Arizona and had constructed over 300 shopping centers in the United States.<ref name=":0" />
In the 1990s after gambling in various levels became legal in the Midwest he owned, built and managed:


⚫
Following his death the four Missouri and one Iowa casinos were sold to [[Herbst Gaming]] for $287 million.<ref>{{cite web|url=http://ir.herbstgaming.com/phoenix.zhtml?c=130603&p=irol-newsArticle&t=Regular&id=594091& |title=Herbst Gaming Inc. – Press Releases |publisher=Ir.herbstgaming.com |date= |accessdate=2011-12-05}}</ref> The Woodlands has subsequently closed. Money from these and other business activities are now used by the W.M. Grace Foundation.
*[[St. Jo Frontier Casino]], [[St Joseph, Missouri]]
*[[Lakeside Casino and Resort]], [[Osceola, Iowa]]
*[[Mark Twain Casino]], [[La Grange, Missouri]]
*[[The Woodlands (race track)|The Woodlands]] [[dog racing]] track, [[Kansas City, Kansas]]

His firm managed [[Native American gambling enterprises]] at:
*[[Casino White Cloud]], [[White Cloud, Kansas]]
*[[Bucky's Casino]], [[Prescott, Arizona]]

⚫
Following his death the four Missouri and one Iowa casinos were sold to [[Herbst Gaming]] for $287 million.<ref>http://ir.herbstgaming.com/phoenix.zhtml?c=130603&p=irol-newsArticle&t=Regular&id=594091&</ref> The Woodlands has subsequently closed. Money from these and other business activities are now used by the W.M. Grace Foundation.


==References==
==References==
{{reflist}}
{{reflist}}


{{Persondata <!-- Metadata: see [[Wikipedia:Persondata]]. -->
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| NAME = Grace, William
| ALTERNATIVE NAMES =
| SHORT DESCRIPTION =
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| DATE OF BIRTH = September 10, 1934
| PLACE OF BIRTH =
| DATE OF DEATH = 2004
| PLACE OF DEATH =
⚫
}}
{{DEFAULTSORT:Grace, William}}
{{DEFAULTSORT:Grace, William}}
[[Category:1934 births]]
[[Category:1934 births]]
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[[Category:People from Nodaway County, Missouri]]
[[Category:People from Nodaway County, Missouri]]
[[Category:University of Arizona alumni]]
[[Category:University of Arizona alumni]]
[[Category:Businesspeople in the casino industry]]
[[Category:American casino industry businesspeople]]
[[Category:Arizona State University faculty]]
[[Category:Arizona State University faculty]]
[[Category:American philanthropists]]
[[Category:University of Arizona faculty]]
[[Category:20th-century American philanthropists]]

Latest revision as of 02:57, 16 July 2024

William M. Grace
BornSeptember 10, 1934
Burlington Junction, Missouri, U.S.
DiedApril 25, 2004
Houston, Texas, U.S.
Other namesW. M. Grace
OccupationReal estate developer
EmployerW. M. Grace Companies
SpouseAnn Katheryn Grace (m. 1955)
Children3

William M. Grace (September 10, 1934 – April 25, 2004)[1] was a building developer who played an important role in bringing casinos to the Midwest.

Biography

[edit]

Grace was born on a farm near Burlington Junction, Missouri. He received a B.S. and later an MBA from the University of Arizona in 1959. He taught at both the University of Arizona and later Arizona State University while working as a field engineer for Reynolds Aluminum in Phoenix. He then moved back to Missouri and in 1966 he founded W.M. Grace Construction and W.M. Grace Development Company initially headquartered in St. Joseph, Missouri, but later headquartered in Arizona.[2] In 1970 Grace established branch offices in Denver, Colorado and Phoenix, Arizona with the latter becoming the corporate office. The company designed, built and/or leased shopping centers, office buildings, banks, hotels, casinos, apartments and industrial facilities throughout the central and western United States.[1]

At the time of his death on April 25, 2004, Grace's company was ranked the 31st largest privately held company in Arizona and had constructed over 300 shopping centers in the United States.[1]

Following his death the four Missouri and one Iowa casinos were sold to Herbst Gaming for $287 million.[3] The Woodlands has subsequently closed. Money from these and other business activities are now used by the W.M. Grace Foundation.

References

[edit]
  1. ^ a b c "Arizona Republic 30 Apr 2004, page Page 27". Newspapers.com. Retrieved 2023-01-10.
  2. ^ "Home". Wmgracefoundation.com. Retrieved 2011-12-05.
  3. ^ "Herbst Gaming Inc. – Press Releases". Ir.herbstgaming.com. Retrieved 2011-12-05.
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