Saturday, June 25, 2005

Take me out to the ballpark

It's not just retailers who get the special treatment, either. Remember when George Bush owned the Texas Rangers? The city of Arlington, TX pushed through the Rangers' new stadium using eminent domain powers (see here for a little blast from the past in 1997 detailing how it was done). Then-Governor Ann Richards helped out too - she signed legislation to create the special stadium authority that used those eminent domain powers. Just for sh!ts and grins, when Bush's group sold the Rangers, he received a total of $14.9 million in proceeds for his $606,000 total investment - not bad. The shame is deals like this go on all the time.


Post a Comment

<< Home