Musgrave, 82, suffered critical injuries in a traffic collision in Potosi on Halloween. He had been in critical condition in Hendrick Medical Center since the accident.
Musgrave developed numerous housing developments, shopping centers, and office projects during his long career. Some of his most visible developments include the Woodhaven Shopping Center on S. 14th housing Hobby Lobby, and much of the housing and retail development in the area of Hwy 351 near the northside Walmart Supercenter.
Musgrave purchased Abilene's tallest building, the 20-story former First State Bank Tower, in the mid-1990s. He later rechristened the building "The Enterprise Tower."
Funeral services are scheduled for 11 a.m. Friday at Oldham Lane Church of Christ, followed by internment at Elmwood Memorial Park on Hwy 277 South. Visitation will be from 6-8 p.m. Thursday at Elmwood Funeral Home, 5750 Hwy 277 South.
Global Samaritan Resources, a worldwide humanitarian aid organization based in Abilene, released the following statement Monday regarding Musgrave's passing:
"Ken Musgrave was a maverick deal maker and an entirely unique Christian man who, among many other achievements in his life, played an integral part in the founding of Global Samaritan Resources. In 2006 Ken donated the historic former Abilene Christian University campus and Coca-Cola headquarters for use as Global Samaritan"s base of operations. In late September of this year, just weeks before his death, Ken allowed us to honor him at our annual benefit dinner, the first and only public recognition he ever received for purchasing and donating our 55,000 square foot warehouse and office building. Just two weeks ago, Ken underwrote Global Samaritan's year-end capital campaign with a gift of 10% of our overall goal. Ken Musgrave was a generous and caring friend to Global Samaritan Resources as well as many others in the Abilene community. We will all miss his friendship, but Ken Musgrave's legacy will live on in all the good being done in Abilene and around the world. He is gone but will never be forgotten."