Angelo Tsakopoulos

Angelo Tsakopoulos (born August 4, 1936 in Arcadia, Greece) is a Greek American businessman and real estate developer in Sacramento, California and the founder and owner of AKT Development. Tsakopoulos attended California State University, Sacramento.

Angelo Tsakopoulos
Born (1936-08-04) August 4, 1936
Rizes, Arcadia, Greece
NationalityGreek-American
OccupationReal estate developer, businessman
Years active1964-present
Known forFounder of AKT Development
Home townSacramento, California, U.S.
ChildrenEleni Kounalakis
Angelo Tsakopoulos, Jr.
Chrysa Tsakopoulos
Kyriakos Tsakopoulos
RelativesGeorge Tsakopoulos (brother)
George Demos (son-in-law)

Tsakopoulos was a minority owner of the Sacramento Mountain Lions franchise of the short lived United Football League along his son, Angelo Tsakopoulos, Jr., who presently serves as president of AKT Development. In 2002, Tsakopoulos purchased a 70,000 volume collection on Hellenistic civilization and donated it to the library of California State University, Sacramento where it is available for use by the community .

Early life and career

Tsakopoulos was born in Rizes, a small village in Arcadia, Greece. He arrived in United States with his family in 1951, eventually settling in Sacramento, California after having lived in New York City and the Chicago, Illinois area. His older brother, George, who would arrive in the U.S. in 1955 after having been wounded in the Greek Civil War, would later also become a major investor with his brother in Sacramento real estate. [1] Tsakopoulos founded Sacramento's AKT Development Inc. in 1964, which was when the company made its first real estate sale.[2] George Tsakopoulos died at the age of 81 in Sacramento, California.[3]

His daughter, Eleni Kounalakis, served as president of AKT Development. She served as United States Ambassador to Hungary from 2010–2013 and is the Lieutenant Governor of California.[4] His other daughter, Chrysa Tsakopoulos, married George Demos, a former United States Securities and Exchange Commission prosecutor and Congressional candidate.[5][6] His son, Kyriakos Tsakopoulos, is the current president and CEO of AKT Development and a former alumni trustee of Columbia University.[7][8][9]

Tsakopoulos was fined by the United States Environmental Protection Agency for a violation of the Clean Water Act. Tsakopoulos sued the government and was able to bring his case to the U.S. Supreme Court, though the Court found against him.

From the Association of State Wetland Managers:

"The case grew out of Tsakopoulos' preparations to subdivide part of the 8,350 acre (3,379 hectare) Borden Ranch into apple orchards and vineyards. He used a method of soil preparation called deep plowing or deep ripping to loosen the clay subsurface of nearly 1,000 acres (4,000 hectares) so that the roots of deep-growing trees and vines could penetrate. During the course of that work, about 2 acres (0.8 hectares) of wetlands also were plowed, although to lesser depths."
"But Tsakopoulos argued that normal farming practices, including deep plowing, were excluded specifically from the Clean Water Act."
"The government said that was true only if the plowing did not change the character of the farmland."

Justice Anthony Kennedy had to recuse himself from the case because of his acquaintance with Tsakopoulos and only eight justices were left deciding the case. The ruling turned out to be a 4–4 tie. Because of the tie, the ruling against Tsakopoulos by the 9th Circuit Court of Appeals was automatically affirmed.

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References
  1. "Sacramento Bee - Noted Developer George Tsakopoulos". Archived from the original on 2009-06-21.
  2. "Sacramento Business Journal - Developer George Tsakopoulos". Archived from the original on 2009-06-21.
  3. "Obit".
  4. Luna, Taryn (June 3, 2018). "Candidate, her father have spent millions to elect her California's lieutenant governor". The Sacramento Bee.
  5. "Demos' bid boosted by wife's family fortune". Newsday. Retrieved 2020-08-13.
  6. "Madam Ambassador: Eleni Tsakopoulos Kounalakis recounts her groundbreaking role as the first Greek American woman to serve as U.S. Ambassador – NEO Magazine". Retrieved 2020-08-13.
  7. "Columbia Names Two New Trustees". Columbia Daily Spectator. Retrieved 2020-08-13.
  8. "Kyriakos Tsakopoulos Named President & CEO of AKT Development Group of Companies, Preeminent Land Holding and Development Group in Northern California". www.businesswire.com. 2009-10-10. Retrieved 2020-08-13.
  9. Rudd, Scott (Aug 7, 2018). "Tsakopoulos family donates $1 million to McGeorge School of Law". Sacramento Business Journal. Retrieved 2020-08-13.
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