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Perry Denies Any Impropriety In Resort Property Investment
Texas Gov. Rick Perry Monday denied that his investment in a resort property involved political favors or improper business dealings after a published report Sunday raised questions about the deal.
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(File photo)
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6 Comments 
FORT WORTH (July 26, 2010)—Before speaking Monday at a law enforcement conference, Perry addressed a Dallas Morning News report Sunday that he bought a lot at the Horseshoe Bay resort at below market value and later sold it for much more.
Perry said he believes he paid fair market value when he bought the lot in 2000 for about $300,000.
Perry, who sold the lot for $1.15 million in 2007, says many people who sold land in that area at that time made a profit.
He said the deal was open, honest and transparent.
Last year Perry appointed the resort's vice president to the Texas State University's board of regents, but he denies it was a political favor.
The Dallas Morning News reported Sunday that it found evidence that Perry's investment was enhanced by a series of professional courtesies and personal favors from friends, campaign donors and a rich and controversial Texas family.
An independent real estate appraisal commissioned by the newspaper shows those factors may have combined to enrich the Republican governor by almost $500,000.
Perry's aides insist these were routine, legal deals, citing a bank appraisal done when Perry sold the property in the Texas Hill Country resort development of Horseshoe Bay in 2007.
It said the buyer was paying Perry slightly less than market value.
Latest Comments
It makes you wonder. Is this the tip of the ice berg or a twig off the bush. Go figure.
How can you possibly find someone that will not be suspected of doing something wrong? Beauty is in the eye of the beholder, therefore a large percent of the populace will always find ‘something wrong’ even if only in their imaginations, because they didn’t vote for him. When you find ‘sqeeeeky clean’ let me know, for I doubt you ever will. No, he doesn’t owe you that much. He owes you a good performance as governor, no more. So, far, the majority think he’s OK, so he’s pretty much done that. In this day and age, Jesus, himself, would be under suspicion, constantly. If you vote him out, who do you replace him with? White? Good grief! Perry is the only one running, willing to push the Feds back, as they encroach upon us. If you want him out, vote him out. But, stop trying to negate the majority vote by pushing some overthrow because of innuendo. JR
We deserve a Governor who isn't suspected of doing something wrong every other day dont we? You can call it a witch hunt or whatever...but this guy is always on the edge of some dirty deal. With his office, he should be sqeeeeky clean and distance himself from anything that could even look innappropriate. Shouldn't he? He doesn't owe us that much? He plays fast and loose and that's not governorly. And the worst part...he laughs about it. Like he said " look at the details". Have you? I did. This is a backroom deal, that breaks rules, that he did to make a bunch of money. There is NO doubt. Look at the investigation. The fact that he is always being investigated or is " in a position of suspicion" is not what a governor should be. We owe this great state something, even if he thinks he doesn't, and that's a different governor. Vote this guy out and let's move on already. Enough is enough. These " above the law" guys are done. We love Texas, he loves him. Tick tock tick tock.
