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Aston Martin opens 66-story residential tower in Miami
  + stars: | 2024-05-02 | by ( Jack Guy | ) edition.cnn.com   time to read: +5 min
CNN —Miami has a new addition to its skyline – a 66-story residential tower built by Aston Martin, marking the British luxury sports carmaker’s first foray into the residential real estate market. Comprising of 391 units, Aston Martin Residences Miami sits at the mouth of the Miami River on Biscayne Bay, the firm said in a statement Tuesday. Aston Martin touchesHomeowners are able to customize their interior space with the help of the Aston Martin design team, with three style packages – Timeless, Covert and Indulgent – drawing on the company’s British heritage, as well as the building’s context. Aston Martin Residences MiamiAston Martin said that 99% of the properties sold before the building was completed. Aston Martin isn’t the first luxury carmaker to enter the residential property market.
Persons: Aston Martin, Rodolfo Miani, Bodas Mian Anger, , Aston, Germán Coto, , Coto, Marek Reichman, Reichman, ” Reichman, you’ve, Aston Martin Residences Miami Aston Martin, Aston Martin Vulcan, Aston Martin isn’t Organizations: CNN, Miami, Aston Martin Residences Miami, G Business, Formula, Prix, Martin Residences Miami, Aston Martin Residences, Aston, Aston Martin, Aston Martin Residences Miami Aston, Residences Locations: Miami, Biscayne Bay, jacuzzis, cabanas, Bentley, Sunny, Beach , Florida
South Pointe Beach in Miami Beach, Florida. Climate risk is "always on our thoughts," said Habibian, 39, who moved to Miami-Dade County about six years ago. Despite that risk, 66% of Miami-Dade County residents said they'd never leave, according to a study published in the journal Climate Risk Management. "We try to be smart about it, try to be proactive as best we can," Arditi said of climate risk. Juxtaposed at left was one of the last remaining patches of mangroves in the urban Miami area, a living memorial to a once-thriving population.
Persons: Greg Iacurci, Daniel Habibian, Harold Wanless, Sonia Brubaker, Saul Martinez, Andrew Rumbach, Rumbach, Joe Raedle, Irma, Al Diaz, they'd, Steven Bustamante, Bustamante, Jeff Greenberg, There's, David Arditi, Arditi, Aria's, Jeff Bezos, Goldman Sachs, Douglas Sacks, Ken Griffin, Brubaker, Biscayne Bay . Miami Worldcenter, Chandan Khanna, Dion Williams, Williams, Dion, Todd Crowl, Crowl, We're, Erik Salna, Chris Baraloto, Rita Teutonico, Amy Knowles, Knowles, it's, City of Miami Beach Greg Iacurci Miami Organizations: Greg Iacurci MIAMI, University of Miami, City, CNBC, Cumming Group, Florida Department of Transportation, Bentley, Bloomberg, Getty, Urban Institute, Organisation for Economic Co, Miami, Volunteers, Florida Keys, Miami Herald, Tribune, Service, Dade, Risk, Yale University's School of, Finance, SEC, Miami Beach, Universal, Group, Aria Development, National Association of Realtors ., Miami Realtors, Amazon, Citadel, Resorts, Bloomberg News, Dade County's, Getty Images, Residences, Pointe Park, Fifth, Afp, Federal Emergency Management Agency, Management, Sunshine, Insurance, Institute, Florida International University Institute of Environment, Hurricanes, University of Pennsylvania, International Hurricane Research, of, Florida International University, City of Miami Beach Locations: Pointe Beach, Miami Beach , Florida, Miami, South Beach, Dade, City of Miami, Dade County, New York, Fort Lauderdale, West Palm, South Florida, Florida, Tampa, St . Petersburg, Miami , Florida, Southeast Florida, Miami Beach, City, Aria's Miami, U.S, California , New York, New Jersey, America, Caribbean, New York City, Biscayne Bay . Miami, Pointe, It's, Surfside, . Florida, Biscayne Bay, Miami's, Bermuda, Kampong, Coconut Grove, Brittany Bay, South Pointe, City of, Brittany Bay Park
Jeff Bezos just bought a third mansion on the Miami-area island known as "Billionaire Bunker." Bezos paid $90 million for the home, which last sold for $2.5 million in 1998, Bloomberg reports. Bezos previously purchased multiple neighboring Seattle-area homes for his security and staff. The billionaire Amazon founder purchased a third home on Indian Creek island for $90 million in an off-market transaction, Bloomberg reported. Bezos first bought a $68 million waterfront mansion on Indian Creek in August.
Persons: Jeff Bezos, Bezos, , Ivanka Trump, Tom Brady, snagged, Blue, Madeline Berg, Katherine Long Organizations: Bloomberg, Service, Amazon, Seattle Locations: Miami, Seattle, Biscayne Bay, Canaveral, Beverly, Texas, Hunts
Two of the people we spoke with moved from New York City, one from London, and one from Seattle. Citadel's Miami office overlooks the Biscayne Bay and downtown Miami. Citadel and Citadel Securities also cover the cost of a weeklong visit to Miami for employees and significant others who are considering moving there. Cupjin Huang just started his job as a quant researcher for Citadel Securities this year. AdvertisementCupjin Huang, a quant researcher at Citadel Securities, in Miami with his dog Rufus.
Persons: , it's, Ken Griffin, Thoma Bravo, Goldman Sachs, Griffin, Lin, Manuel Miranda's, Hamilton, Maksim Solovjov, Miami doesn't, Rich Cummings, there's, Liz Boyhan, Cupjin Huang, Huang, Rufus, Pitbull, that's, Cummings, Solovjov, It's, you'll, Alexander Spatari, Inrix, she's, haven't, Fortune, he's, Boyhan, I've, fiancé Organizations: Service, Southeast Financial Center, Citadel Securities, Business, Bloomberg, Citadel, Citadel Citadel, Miami Dolphins, Miami, Prix, Citadel's, Downtown, Alibaba, BI, Key, New, New York City, Transportation, Fairchild, Botanic, Miami - Dade, Miami Beach, Google, UBS Locations: Miami, Biscayne Bay, Fisher, South Beach, York, Wall, New York, United States, New York City, London, Seattle, Magic, Bay, Florida, Downtown Miami, Brickell, Chihuahua, Hawaii, , Orlando, Los Angeles, Coral Gables, Fairchild, Italian, Tua, Solovjov, Manhattan
CNN —Miami Beach may be breaking up with spring break, but spring break isn’t moving on just yet. Video Ad Feedback Miami Beach wants to break up with spring break 00:50 - Source: CNN“This isn’t working anymore,” a young actor says in a viral YouTube video announcing the “breaking up” campaign. So you become hopeful again.”‘We hope it’s an amicable separation’On a visit to Miami Beach on Tuesday, the Republican governor stood with Miami Beach Mayor Steven Meiner to announce the deployment of state troopers to enhance security. In 2022, the City of Miami Beach similarly imposed a midnight curfew after two spring break shootings left five people injured on Ocean Drive. The area seemed tame, she said, compared to previous “crazy” spring break stays in Fort Lauderdale, about 35 miles north.
Persons: Ron DeSantis, , David Wallack, ” Wallack, Miami Beach’s, Wallack, Miami Beach Mayor Steven Meiner, ” DeSantis, , “ We’ve, ” Meiner, Wayne Jones, ” Jones, Jones, Black Floridians, weren’t, Katie Ryan, Marta Lavandier, ’ ” Ryan, Avery Caimes, marveled, Mark Evenson, it’s Organizations: CNN, Miami, Florida Gov, Sunshine State, Miami Beach, Republican, Miami Beach Mayor, Miami City Commission, Miami Beach Police Department, Miami Beach police, Black Locations: Florida, Miami Beach, Miami, South Beach, Panama City, Daytona Beach, Fort Lauderdale, City of Miami Beach, South Florida, City, Biscayne Bay, Connecticut, Minnesota
But on a muggy morning last May, a building of another sort, far rarer now in the city, was pleasantly dark and cool inside. This particular two-story, four-bedroom house, following the traditional style, is shaded and discreet. The 7,000-square-foot home’s focal point is, instead, inside: a large rectangular courtyard bursting with palms and giant elephant ear plants and bordered by a colonnade shaggy with wisteria. If the building’s more modern neighbors — glass cubes with manicured lawns — seem somehow both sealed against the elements and vulnerable to them, this house feels solid and purpose-built. On warm days, the doors are left open and the rooms fill with the salty sea breeze.
Locations: Miami, Biscayne Bay, Spain, Latin America
I've lived in Miami since I was born and still find new, exciting things to do here. I've lived in Miami my entire life and am raising my kids here. Sally EspinosaBeing born and raised in Miami is a unique experience, as I was able to experience a lot of different cultures all at once. Miami is packed with fun things to do for people of all ages. Here are some common mistakes to avoid making in Miami to get the most out of your time here.
Persons: I've, Sally Espinosa Organizations: Miami Locations: Miami, Key Biscayne, South Beach
Jeff Bezos' move to Miami could save him over $600 million in taxes, per CNBC calculations. But Florida has no capital gains tax, unlike Washington. AdvertisementJeff Bezos’ Miami move could be about to save him more than $600 million in taxes. As Florida has no capital gains tax, CNBC calculated that Bezos would save around $600 billion in taxes compared to if he sold the shares while based in Seattle. Washington state passed a new law imposing a 7% capital gains tax on sales of stocks or bonds worth more than $250,000, which went into effect in 2022.
Persons: Jeff Bezos, , Bezos, Lauren Sanchez, Elon Musk Organizations: Washington, Service, CNBC, Business Locations: Miami, Seattle, Florida, Seattle . Washington, Cape Canaveral
Married, Finally, After Six Cancellations
  + stars: | 2024-02-02 | by ( Tammy Lagorce | ) www.nytimes.com   time to read: +1 min
Ms. Blum and Dr. Flowers, then a resident in internal medicine at the University of Miami Hospital, had moved to Miami months earlier after receiving his M.D. Ms. Blum often traveled to Latin America for work. Dating apps were testing the fortitude of both: “I was kind of giving up hope,” Dr. Ms. Blum didn’t have much hope to begin with.
Persons: Daniela Llorente Blum, Robert Costigan Flowers, Blum, Flowers, . Flowers, , Ms, Organizations: Biscayne, University of Miami Hospital, Tulane University Locations: Manhattan, hustled, Murray Hill, South Florida, Bogotá, Colombia, Latin America, Miami, America
High-brow art and millionaires tend to go hand in hand, so Art Week also means some of the world's wealthiest come out to play. Ciara attends the NYLON Presents NYLON House At Miami Art Week 2022 at Strawberry Moon at Goodtime Hotel on December 02, 2022 in Miami Beach, Florida. Regardless of the events you attend, Art Basel week is a great time to mingle and do business, explained Jasmina Midzic, Typhon's director of Investor Relations. Desperate ApeWives perform at #0XGenesis presented by Marshland, Magnus and FloodFM.com at Maps Backlot during Art Basel Miami on December 01, 2021 in Miami, Florida. Erika Goldring / Getty ImagesHere are 6 Art Basel parties the Wall Street elite and wannabes alike are vying to attend.
Persons: , There's, galas —, Ciara, Arturo Holmes, Kim Kardashian, Serena Williams, James Koutoulas, Koutoulas, Miami's, Jasmina Midzic, she'll, who've, Magnus, FloodFM.com, Erika Goldring, It's, Midzic, Alessandra Ambrosio, Alexander Tamargo, Andreas Metaxa, Metaxa, I've, Guy Gerber, Blondish, Bella Thorne, e.l.f, Mona Lisa, Rampa, Desiree, Talon, Luciano Scalioni, — Bryan Goldberg Organizations: Miami Art, Wall, Magic City, Art, Business, Strawberry, JPMorgan, UBS, Capital Management, Investor Relations, Art Basel Miami, Art Basel, Wall Street, Fund, Party, Miami, Flex, Waterfront, Digital Locations: Miami —, Art Basel, Miami Beach , Florida, Miami, Basel, Miami , Florida, South Beach, Miami Beach, Midzic, SoHo, New York, Saxony
The third quarter saw roughly $3 billion in new collateralized loan obligations (CLOs) backed by CRE loans, according to a Friday report by DBRS. This marks a significant turn from the second quarter, which saw less than $1 billion in CRE CLO issuance. Office-backed loans represented almost half of all CRE delinquencies in the third quarter, according to DBRS. An overall 3.27% delinquency rate for CRE CLOs in the third quarter was roughly in line with the second quarter rate, according to DBRS. There were $2.67 billion in delinquent CRE CLO loans as of September, a $20 million increase from the second quarter.
Persons: Marco Bello, DBRS Morningstar, CLOs, Loans, CRE CLOs, CRE, Matt Tracy, David Gregorio Our Organizations: U.S, DBRS, CRE, Thomson Locations: Miami, Biscayne Bay, Brickell, Downtown, Miami , Florida, U.S, DBRS, delinquencies
Amazon founder Jeff Bezos announced on Thursday he is moving to Miami from Seattle. Bezos said he's moving to be closer to his parents and Blue Origins' operations in Cape Canaveral, Florida. Last month, Bezos snapped up a seven-bedroom mansion in Indian Creek, Florida, for $79 million. AdvertisementAdvertisementAmazon founder Jeff Bezos is moving to Miami, Florida, just three weeks after snapping up a seven-bedroom mansion on a small private island in Biscayne Bay. Bezos' move from Seattle is significant because Amazon transformed the city into a tech hub, since opening its Seattle headquarters.
Persons: Jeff Bezos, Bezos, , I've, Insider's Hannah Towey, Carl Icahn, Jared Kushner, Ivanka Trump Organizations: Service, Bloomberg, Zillow Locations: Miami, Seattle, Cape Canaveral , Florida, Indian Creek , Florida, Miami , Florida, Biscayne Bay, Bellevue , Washington, New York
Jeff Bezos announced he is moving from Seattle to Miami, in part to be close to his parents. Moving from Washington state to Florida could save Bezos a yachtload in taxes. Now, he's off to Miami where there's no capital gains tax and zero state income tax. They don't worry too much about income tax, but they do focus a lot on capital gains tax. Those holdings will probably be exposed to capital gains tax, too.
Persons: Jeff Bezos, Bezos, fiancé Lauren Sanchez, , Miguel Bezos, Jeff, Lauren, Miami, McKenzie Scott, Brad Stone's Organizations: Service, Seattle, Miami Palmetto, GO, Amazon, SEC, Tech Locations: Seattle, Miami, Creek , Florida, Washington, Florida, , Florida, Biscayne, Amsterdam, New York City, California , New York, Texas
Jeff Bezos is leaving Seattle for Miami
  + stars: | 2023-11-03 | by ( Michael Nam | Jordan Valinsky | ) edition.cnn.com   time to read: +2 min
New York CNN —Jeff Bezos is leaving the city where it all began for him. The Amazon founder announced on Instagram that he’s relocating from Seattle, where he has lived since 1994, to Miami. He explained that his parents recently moved back to Florida, where he and his family lived when he was younger, and that he wants to be closer to them. “I’ve lived in Seattle longer than I’ve lived anywhere else and have so many amazing memories here,” Bezos wrote. “I want to be close to my parents, and Lauren and I love Miami,” Bezos added, noting his fiancée Lauren Sánchez, who works closely with him on philanthropic projects.
Persons: Jeff Bezos, “ I’ve, I’ve, ” Bezos, Bezos, , Lauren, Miami, Lauren Sánchez, “ We’re, ” Sánchez, Carl Icahn, Tom Brady Organizations: New, New York CNN, Amazon, Origin, CNN, Bloomberg, , NFL, Washington’s Locations: New York, Seattle, Miami, Florida, Bellevue , Washington, Cape Canaveral, , Biscayne Bay
“The biggest thing there is Reggae music and classic country music,” Brooks said. “I never would have thought that I would be performing at a country festival as an artist in Miami, being from Miami. “We believe that this could become a destination festival, where people come for Miami and country music,” Albareda said. "We have a long-term commitment to Country Bay as a festival, and we have a long-term commitment to Miami," Albareda said. Besides hosting one of the largest country events in Miami's music history, the Country Bay Music Festival will include a country-themed bar, games, food, line dancing, a mechanical bull and a giant Ferris wheel.
Persons: Leo Brooks, Brooks, ” Brooks, George Jones, Hank Williams, Willie Nelson, , Thomas Rhett, Sam Hunt, Chris Young, Lee Brice, Lainey Wilson, Randy Houser, Chris Lane, Elle King, Blanco Brown, Josh Ross, Hailey Whitters, David J, Kat, Alex, , Lauryn Hill's, Pitbull, Tim McGraw, Andrew Millsaps, Nelson Albareda, Albareda, ” Albareda Organizations: MIAMI, , Union, Bay Music, Miami Marine, Neon Union, , Bay, Ultra, Miami Marine Stadium Locations: Miami, Nashville, Roatán, Honduras, downtown, Virginia, Biscayne Bay, LOCASH, North Carolina, South Florida, U.S, Biscayne, Miami's, Bayfront
Amazon founder Jeff Bezos just bought a $79 million mansion in Indian Creek, Florida, per Bloomberg. Indian Creek is a village on a small private island in Miami's Biscayne Bay known as "Billionaire Bunker." AdvertisementAdvertisementAmazon founder Jeff Bezos has added another lavish mansion to his property portfolio. The waterfront property was listed for $85 million in May and last sold for $28 million in 2014. Indian Creek, where Bezos' new property purchase is located, is a village on a small private island in Miami's Biscayne Bay.
Persons: Jeff Bezos, , Dina Goldentayer, Danilo Tavares, Douglas Elliman, Tavares, Bezos, Insider's Sarah Jackson, Jordan Hart, Insider's Hannah Towey, Carl Icahn, Jared Kushner, Ivanka Trump Organizations: Bloomberg, Service, Bezos, Zillow Locations: Indian Creek , Florida, Biscayne, Goldentayer, Beverly, Texas, Medina , Washington
Courtesy Michael A. SamwayThe Tallinn-born competitor moved to the US in 2011 and, as she tired of only competing in breaststroke, started doing triathlons and then tried open water swimming. After seeing first-hand the scale of water pollution, Liivand was determined to take on a fight tougher than any competitor. The Jamaican sprint icon recognized Liivand for her open-water swimming exploits and mermaid school but confused the two. “It was like, here we are, testing waters, but we still don’t address that open water sport is in real danger because of pollution,” she said. Marco Bello/ReutersIn a grueling 14-hour swim, at times, Liivand will have to swim against the current.
Persons: Merle Liivand, ” Liivand, Liivand, ‘ Merle, , , Michael, “ It’s, ’ ”, Mario Tama, microplastics, Usain Bolt, Marco Bello, ’ Liivand, “ I’m, I’m, Richard Branson, Liivand’s Organizations: CNN, Guinness, CNN Sport, Federal University of Rio, Rio, UNESCO, Environmental International, Records, Reuters Locations: Estonian, Biscayne Bay , Miami, California, Florida, Tallinn, Guanabara Bay, Federal University of Rio de Janeiro, Leblon, Jamaica, Biscayne, Los Angeles, Miami, Paris ’
A property on Miami's celebrity-approved Star Island is on the market for $68 million. The property also has a 1920s-era guest house — reportedly the first residence built on the island. 27 Star Island Drive is one of 35 residences on Miami's Star Island, a small island in the southeast corner of Biscayne Bay, according to listing agent Douglas Elliman. The property includes two buildings: a modern house completed in 2019, and a 1920s guest house, which was built by renowned Miami architect Walter De Garmo as the first residence on Star Island, Robb Report reported. Take a look inside this waterfront property.
Persons: , — they'll, Douglas Elliman, It's, Walter De Garmo, Robb Organizations: Service, Miami Locations: Wall, Silicon, Biscayne Bay
“If you were to throw gasoline on a fire that’s already burning, that fire would grow really rapidly, really quickly. “Being hurricane season prepared also means being compassionate and kind to yourself during times of hardship,” NOLA Ready, the city’s emergency preparedness campaign, advised in a post on Instagram. Ms. Sibley, an administrative assistant and Ms. Ozane’s sister, has tried to save money to help with riding out hurricanes only for other demands to interfere with that. “What am I going to do if a hurricane really comes?” she said. “I pray we don’t have a bad one this year,” Ms. Sibley said.
Persons: El Niño, , Roishetta Sibley Ozane, Phil Klotzbach, “ There’s, Hurricane Ida, Emily Kask, The New York Times El, El, Eric Blake, Andrew, Craig E, Blake, Michael, Laura, Ian, Clay Tucker, NOLA Ready, Hurricane Laura, Ozane, “ They’re, Lake Charles, Ms, Meoshia Sibley, Sibley, Ozane’s, ” Ms, Organizations: Biscayne, El, Colorado State University, , National Oceanic, Atmospheric Administration, Atlantic, The New York Times, National Hurricane Center, Experts, Louisiana State University, University of Southern, Delta, of Louisiana Locations: Biscayne Beach, Florida, Westlake, La, Hurricane, Galliano, United States, University of Southern Mississippi, New Orleans, Lake Charles, Louisiana
At one point, it seemed like he might give up on the conversation altogether. “I mean, do you like listening to yourself on voice mail?”Williams, 50, was raised in Virginia Beach by his father, Pharaoh, a handyman, and his mother, Carolyn, a teacher. A dedicated polymath who shifts between styles, genres and media, Williams is his best, most creative self in the presence of water. He grew up in a housing project called Atlantis, right by the beach; today, he holds an annual music and art festival in Virginia Beach called Something in the Water. And when he’s not in Miami on Biscayne Bay, he spends his time in Paris, where he has a music studio at the LVMH headquarters overlooking the Seine.
Persons: Pharrell Williams, Virgil Abloh, Louis Vuitton’s, Justin Timberlake’s, , Karl Lagerfeld, “ Karl ” —, ’ ”, Pont, ” Williams, Pharaoh, Carolyn, Chad Hugo, Funk, Williams, he’s Organizations: Neptunes, Motown Locations: Virginia Beach, Miami, Biscayne Bay, Paris, Seine
The water temperature near Key Biscayne, a barrier island just east of Miami, had already passed 89 degrees one morning this week. And though the ocean off South Florida was slightly cooler than the recent record highs that had stunned scientists and threatened marine life, it remained phenomenally hot. But on this serene patch of the Atlantic Coast, it was still a summer day at the beach, when nothing satisfies quite like a dip — even when the ocean feels like a thick, simmering syrup. “I like it warm,” shrugged Niki Candela, 20, a Miami native, moments after a powerful siren warned of approaching lightning. The shallow water was a crystalline teal, rolling oh so gently, not a cresting wave in sight.
Persons: , shrugged Niki Candela Locations: Key Biscayne, Miami, South Florida, Gulf of Mexico
What the Fed Rate ‘Pause’ Means for Your Money
  + stars: | 2023-06-14 | by ( Steve Garmhausen | ) www.wsj.com   time to read: +6 min
By Steve GarmhausenFor months consumers have watched interest rates steadily climb. “This is the Fed just kind of waiting and seeing,” says investment adviser Brian Frank, in Key Biscayne, Fla.What does the Fed ‘pause’ mean? While no one knows where interest rates are headed, here is how to prepare yourself for three basic scenarios. If the Fed pulls away the football, stock prices could retreat. In that case, folks with higher mortgage rates can eventually refinance.
Persons: Steve Garmhausen, , Brian Frank, you’ve, Jon Foster, , can’t, Frank, you’ll Organizations: Federal Reserve, Fed, won’t, Nasdaq Locations: Key Biscayne, Fla, Los Angeles
In this article CSCSG.N-CH Follow your favorite stocks CREATE FREE ACCOUNTA sign of Credit Suisse bank is seen at their headquarters in Zurich on March 20, 2023. "To date, no Credit Suisse employees involved in the scheme have faced any consequences from the United States government for their participation." "It's not a question of whether Swiss banks continue to do this, it's a question of which Swiss banks still do this." In a statement to CNBC, a Credit Suisse spokeswoman said it does not tolerate tax evasion. "DOJ must correct its lax oversight of Credit Suisse and hold Credit Suisse accountable for any violations of its plea agreement," he said.
And if any city is the city where you can see just how remarkably things have shifted, it's also Miami. If the draw in the 1920s was imaginary land, Miami's bubble in the 2020s was driven by imaginary money — crypto. The newcomers — and the crypto kids, especially — believed they could master Miami as easily as they had mastered the markets. The new Miami money party started to run out of libations. "There were a lot of true believers in the Miami crypto scene.
The homes span from a tiny escape in Nashville, Tennessee to an off-the-grid dome in Terlingua, Texas. In addition to being able to use the pool, guests can take advantage of the light breakfast that is offered. Julia E. Steele / AirbnbThis tiny home has been on Airbnb's list of top listings several times over the years. Domeland: Off-grid Adobe Dome near Big Bend - Terlingua, TexasThis adobe dome in Terlingua, Texas is close to Big Bend National Park. Trevor Reichman / AirbnbThis dome is an earthen structure powered by solar power and is close to Big Bend National Park in Texas.
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