Stanley G. Tate

Stanley G. Tate (born April 25, 1928)[1] is an American real estate developer, founder of Tate Enterprises, Republican party donor, and the creator of the Florida Prepaid College Tuition Program.[2]

Stanley G. Tate
Born (1928-04-25) April 25, 1928
EducationB.S. University of Florida
Spouse(s)Joanne Greenwood
ChildrenKenny Tate
Jimmy Tate

Biography

Tate was born to a Jewish family[3] and graduated with a B.S. from the University of Florida in 1948.[1] He used his savings as a waiter to buy his first Miami house in 1948.[3] In 1954, he founded Stanley Tate Builders Inc which focused on building houses and apartment buildings; and in 1959, expanded into constructing strip malls, warehouses, and office buildings.[1] In 1969, he established Highpoint of Delray Builders Inc which focused on condominiums.[1] In 1960, he established Investments Diversifed Limited which expanded into real estate activities in South Carolina and non-real estate investments.[1] In 1986, he founded the holding company Tate Enterprises which today is a business conglomerate with investments in hotels, banks, steel, and auto part manufacturering with branches in China, London, and New York.[3] Tate purchased Studio 54 after founders Steve Rubell and Ian Schrager were sent to prison for tax evasion; and hired them back to run the club after they were released.[3] In the 1970s, Tate served as mayor of Bay Harbor Islands, Florida.[3]

Tate has been a Republican since the 1950s and was a personal friend of President George H.W. Bush who named him as Chairman of the National Advisory Board of the Resolution Trust Corporation (RTC), the agency that managed and liquidated banks’ assets during the S&L crisis.[3] He continued with the role under the administration of President Bill Clinton until his resignation in 1993 stating "Mr. President, Washington is a vicious city . . . full of rumors, allegations, and accusations, without much, if any regard for truthfulness or factuality."[3] He served as the Miami-Dade County co-chair for Mitt Romney's presidential campaign.[3] Tate is a prominent backer of Republican politicians having close relationships with Florida politicians Marco Rubio, Jeb Bush, and Ileana Ros-Lehtinen as well as national leaders, Eric Cantor and John Boehner.[3] Tate has been highly critical of President Barack Obama - who vetted him as a possible candidate to lead the Federal Deposit Insurance Corporation.[4]

Tate founded the Florida Prepaid College Program which enables parents to pay for their children's tuition in monthly installments over 18 years.[3] He served as Board Chairman from 1987 to 2005. On June 26, 2006, then Governor Jeb Bush signed House Bill 263 into law renaming the program the Stanley G. Tate Florida Prepaid College Program.[5]

Tate is a strong supporter of Israel and was a founding member of the American Israel Public Affairs Committee (AIPAC) founded in 1954.[3] Tate served as president of Temple Israel, the oldest reform synagogue in Miami.[6]

Personal life

In 1949, Tate married to Joanne "Joni" Greenwood; they have two sons, J. Kenneth "Kenny" Tate and Jimmy Tate.[3][1] Tate is retired and his sons run the company.[3][7]

References
  1. "City of North Miami Resolution to name Stanley G. Tate Boulevard" (PDF). North Miami. 2015.
  2. "The Stanley G. Tate Florida Prepaid College Program". The Stanley G. Tate Florida Prepaid College Program. Retrieved 22 August 2016.
  3. Edwards, John (March 2014). "Stanley Tate's unfinished business - The Miami powerhouse helped rescue the nation's banking system in the '90s. Now, at 85, he says he has one priority: turning back Obama's policies". Newsmax Magazine.
  4. Edwards, "I said, ‘Only in America could a black man from a poor family become president.’ He’s got an ego second to none, and he doesn’t like me, and I don’t like him. We're philosophically miles apart. I am convinced that Obama will turn out to be the worst president this country has ever known. More and more people are becoming aware that he isn’t the savior he and his followers thought he was. I don’t care for him, not so much for his healthcare, though I have lots of objections to that, but because he doesn’t believe in the Constitution or the concept of America that says we have rules and should abide by them. You can't run this country like a dictatorship."
  5. "Mr. Stanley G. Tate, Florida Prepaid College Board". Florida Prepaid College Board. Retrieved 22 August 2016.
  6. Bojnansky, Erik (June 2011). "No Halfpipes, No Ally Oops, No Skid-Lids, No Nothing". Biscayne Times.
  7. "Jimmy Tate on where Bahia Mar stands TRD Broward Showcase and Forum". The Real Deal. May 10, 2017.
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