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Welcome to The Houston Newsletter!

In today’s edition:

• Houston country club revenue surged.

• Altuve, Alvarez start 2024 All-Star.

• A deep dive into the life of Nina J. Cullinan.

• And more…

Quote of the Week

“Go as far as you can see; when you get there, you’ll be able to see further.”

-Thomas Carlyle

Sponsored

Yes, this platform’s 77% return is an outlier – but the rest may surprise you

The news is true: Masterworks’ 15th sale just weeks ago returned an impressive 77% to investors. While such a high return is an outlier for the blue-chip art investing platform, you might be wondering what their prior sales delivered. Glad you asked… 

Every one of their sales has returned a profit to investors, with 12 of them delivering double-digit returns, and 1 delivering triple-digit annualized returns. 

In full, Masterworks has over 300 paintings and their 16 exits have delivered: 32%, 39.3%, 36.2%, 27.3%, 9.2%, 33.1%, 21.5%, 17.8%, 13.9%, 35%, 10.4%, 325.5%, 4.1%, 17.6%, 77.3%, and 13.4% net annualized returns. 

Every sale but one outperformed the stock market in the period from when it was offered to when it was sold. 

With performance like that, offerings on the platform can sell out in minutes. However, Local News Newsletter readers can skip the waitlist to join with this exclusive link.

Trivia

Which famous Houston park is known for its Japanese Garden?

A) Hermann Park

B) Discovery Green

C) Memorial Park

D) Buffalo Bayou Park

Answer to Last Week’s Trivia:

George Bush Intercontinental Airport in Houston was opened in B) 1969.

The Best Stories Of The Week

💼 Business

Houston country club revenue surged during the pandemic. These clubs set the pace. (link)

Houston man sentenced in horrific case of child torture. (link)

🏒 Sports

Astros’ Jose Altuve and Yordan Alvarez to be starters in 2024 MLB All-Star Game. (link)

Houston Astros release first baseman José Abreu from Major League roster. (link)

🏦 Finance

Houston's Buffalo Grille restaurant sold to Adair Concepts after 40 years. (link)

Upcoming Events

Here are some events that are happening in our city this week. There is a good mix between sports, entertainment, conferences, concerts, and more.

Sports

⚾ Houston Astros vs. Texas Rangers
Minute Maid Park, Houston, TX
Saturday, Jul 13th | 3:10 PM | (More info)

⚽ Houston Dynamo vs. Minnesota United FC
Shell Energy Stadium, Houston, TX
Saturday, Jul 13th | 7:30 PM | (More info)

Music & Concerts

🎵 Lacey Sturm meet and greet package
Scout Bar (Houston) 18307 Egret Bay Blvd Houston, TX
Thursday, Jul 11th |5:00 PM - 6:00 PM | (More info)

🎸 Silverada
White Oak Music Hall - Downstairs, Houston, TX
Thursday, Jul 11th | 7:00 PM | (More info)

Family

🎭 Disney Presents The Lion King (Touring)
Hobby Center, Houston, TX
Thursday, Jul 11th | 1:00 PM | (More info)

Image of the Week

Every week, I have a habit of making some AI art about our city.

This week, I typed in “Futuristic Houston with a focus on sustainability and renewable energy” and this is what I got.

Let me know what ideas you have for this. I really enjoy making these types of photos.

Houston Historical Events

1882: Houston gets its first electric lights.

In 1882, Houston reached a significant milestone in its development with the installation of its first electric lights. This advancement marked the beginning of a new era of modernization and technological progress for the city. The introduction of electric lighting not only improved the quality of life for residents but also symbolized Houston's growing embrace of innovation and industrialization.

The installation of electric lights began with a few key locations in downtown Houston, illuminating streets, businesses, and public spaces. This transition from gas lamps to electric lighting was met with great enthusiasm by the city's residents, who marveled at the brighter, more reliable illumination. The electric lights extended business hours, enhanced public safety, and facilitated social activities after dark, contributing to a more vibrant urban environment.

The success of Houston's first electric lights spurred further investment in electrical infrastructure, paving the way for widespread adoption throughout the city. This technological leap was part of a broader wave of industrialization that transformed Houston into a modern metropolis. The electrification of the city played a crucial role in attracting businesses, boosting the local economy, and improving the overall quality of life for its inhabitants. The arrival of electric lights in 1882 was a landmark event that set the stage for Houston's continued growth and development into the 20th century and beyond.

Famous People From Houston

Nina J. Cullinan (1884–1970): Philanthropist and art patron.

Early Life and Family Background (1884–1905)

Nina J. Cullinan was born on January 10, 1884, in Houston, Texas, into a prominent and influential family. Her father, Joseph Stephen Cullinan, was a pioneering oilman who founded the Texas Company, which later became Texaco. Growing up in an affluent household, Nina was exposed to the arts and philanthropy from an early age. Her family's wealth and commitment to civic engagement provided her with the resources and inspiration to pursue her own philanthropic endeavors.

Education and Personal Development (1906–1920)

Nina Cullinan received her education in Houston and continued her studies at the prestigious Wellesley College in Massachusetts. Her time at Wellesley broadened her horizons and deepened her appreciation for the arts and culture. Upon returning to Houston, Nina became actively involved in various social and cultural activities, leveraging her education and family connections to support and promote the arts in the city. Her early involvement in local cultural institutions set the stage for her lifelong dedication to philanthropy.

Rise as a Philanthropist (1921–1940)

In the 1920s and 1930s, Nina Cullinan emerged as a leading philanthropist in Houston. She used her wealth to support a wide range of causes, including education, healthcare, and the arts. Her donations and involvement were instrumental in the growth and development of many of Houston's cultural institutions. Cullinan's philanthropic efforts were characterized by a deep personal commitment and a desire to enhance the quality of life in her community. She believed in the transformative power of art and culture and worked tirelessly to make these accessible to all Houstonians.

Major Contributions to Houston's Cultural Scene (1941–1960)

Nina Cullinan's impact on Houston's cultural landscape was profound. She played a crucial role in the establishment and expansion of several key institutions, including the Museum of Fine Arts, Houston (MFAH). Her generous donations helped fund new exhibitions, acquire significant works of art, and expand educational programs. Cullinan also supported the Houston Symphony and other performing arts organizations, believing that a vibrant cultural scene was essential for a thriving community. Her advocacy and financial support significantly enhanced Houston's reputation as a cultural hub.

Connection to Houston (Throughout Life)

Nina Cullinan's connection to Houston was deeply rooted in her family's history and her personal commitment to the city's development. As a lifelong resident, she witnessed Houston's transformation from a small town into a major metropolitan area. Cullinan's philanthropy was driven by her love for her hometown and her desire to contribute to its growth and prosperity. Her efforts were not limited to the arts; she also supported educational initiatives and healthcare facilities, ensuring that her impact was felt across various sectors of the community.

Later Years and Continued Philanthropy (1961–1970)

In her later years, Nina Cullinan continued her philanthropic work, focusing on ensuring the sustainability and growth of the institutions she supported. She remained actively involved in the boards and committees of several cultural organizations, providing guidance and leadership. Cullinan's contributions during this period were crucial in maintaining the momentum of Houston's cultural development. Her vision and dedication inspired others to contribute to the arts, creating a lasting legacy of civic engagement and cultural enrichment.

Legacy and Influence (1970–Present)

Nina Cullinan passed away on October 15, 1970, but her legacy continues to resonate in Houston. The institutions she supported, particularly the MFAH, stand as testaments to her generosity and vision. The Cullinan Hall at the MFAH, named in her honor, is a central part of the museum, hosting numerous exhibitions and events. Her commitment to the arts has inspired subsequent generations of philanthropists and art patrons, ensuring that Houston remains a vibrant center for culture and creativity.

Key Achievements:

• Played a pivotal role in the development and expansion of the Museum of Fine Arts, Houston.

• Supported a wide range of cultural, educational, and healthcare initiatives in Houston.

• Inspired a culture of philanthropy and civic engagement in Houston through her example and leadership.

Summary:

Nina J. Cullinan's life was marked by her unwavering commitment to philanthropy and her profound impact on Houston's cultural landscape. Her generous support for the arts and other civic initiatives transformed Houston into a thriving cultural hub. Cullinan's legacy endures through the institutions she helped build and the lasting influence of her philanthropic vision. Her dedication to enhancing the quality of life in her community continues to inspire and guide future generations of Houstonians.

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I would love to hear from you. Don’t be shy.

-Matthew Larsen

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