Developer Daniel M. Galbreath Dies at 67
COLUMBUS, Ohio (AP) _ Daniel M. Galbreath, who led his family’s real estate empire, guided the Federal Reserve of Cleveland, ran Churchill Downs, owned the Pittsburgh Pirates and directed football’s Hall of Fame, died of cancer on Sunday. He was 67.
Galbreath was chairman and chief executive of the Galbreath Co. from 1980 until last month. Founded in Columbus in 1921 by his father, John W. Galbreath it became one of the nation’s largest commercial developers.
The family business surged during the real estate boom of the 1980s, and in 1990, Forbes magazine estimated Galbreath’s wealth at $340 million, enough to make him No. 303 on its list of the 400 richest Americans.
Galbreath also was a former president of the Pittsburgh Pirates baseball franchise; his family held either partial or majority ownership of the team from the late 1940s to the early 1980s.
The Galbreath family still owns the Darby Dan farms in Kentucky and Ohio, which are among the nation’s top thoroughbred racing and breeding operations, producing Kentucky Derby winners in 1963 and 1967.
He served on the board of Federal Reserve Bank of Cleveland from 1985 until 1989, was chairman of the Wildlife Conservation Fund of America and a director of the Atlantic Salmon Federation.
Galbreath also had been a director of Churchill Downs Inc., the Keeneland Association and The National Football Foundation and Hall of Fame.