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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of Earliest Event Reported): May 9, 1996
THACKERAY CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-8254 04-2446697
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(Commission File Number) (I.R.S. Employer
Identification No.)
400 Madison Avenue, New York, N.Y. 10017
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(Address of Principal Executive Offices) (Zip Code)
(212) 759-3695
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
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The information set forth in the press release issued by
Thackeray Corporation, attached hereto as Exhibit 99, is incorporated
herein by reference.
Item 7. Financial Statements and Exhibits
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(c) Exhibits
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99 Press release of Thackeray Corporation dated
May 9, 1996.
1
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SIGNATURE
Pursuant to requirements of the Securities and Exchange Act
of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
THACKERAY CORPORATION
(Registrant)
By:/s/ Jules Ross
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Jules Ross
Vice President
Date: May 10, 1996
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EXHIBIT INDEX
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Item No. Description
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99 Press release of Thackeray
Corporation dated May 9, 1996.
3
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THACKERAY CORPORATION NEWS
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CONTACT: Jules Ross FOR RELEASE: Immediately
Vice President May 9, 1996
(212) 759-3695
New York, New York -- Thackeray Corporation and Belz Enterprises to
Develop Power Retail and Entertainment Center in Orlando, Florida.
Thackeray Corporation (NYSE) today announced it has agreed to
form a joint venture with Belz Enterprises of Memphis, Tennessee, to
develop, construct and market in two phases a power retail and
entertainment complex on Thackeray's 218-acre Orlando, Florida
property. The second phase of the mixed use project will include a
52-acre multi-family development.
Thackeray, upon commencement of the first phase construction,
will contribute 140 acres to the joint venture at an agreed value of
approximately $15.25 million for a senior preferred partnership
interest. Thackeray will also participate in cash flow, sales
proceeds and refinancing proceeds flowing from the development,
financing or disposition of the project.
This transaction is subject to the execution of definitive
agreement and the approval of Thackeray's stockholders.
Belz and its affiliates own and operate shopping malls, build and
manage corporate campuses and develop suburban residential
communities. Belz also owns and manages distribution centers, office
buildings, mixed-use urban centers and ten budget to luxury hotels.
Belz presently has 21 million square feet under control with an
additional 2 million square feet under management.
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