“A copy of the secret agreement among Mr. Bush and the other Rangers owners shows that they intended to make money not just by running a baseball club but also by land speculation.
For example, one owner found a nice chunk of land and sent a memo suggesting that it “sounds like another condemnation candidate if you want to work the site into your master plan,” according to the court documents. Another of the owners’ internal memos casts a proprietary gaze on a property and declares: “We plan to condemn this land.”
For a group of financiers to go around town admiring properties and deciding which to seize through the government power of condemnation so that they can acquire free land and speculate on it is appalling.”
Never before had a municipal authority in Texas been given license to seize the property of a private citizen for the benefit of other private citizens. That is exactly what happened to a recalcitrant Arlington family that refused to sell a 13-acre parcel near the stadium site for half its appraised value. Their land was condemned and handed over to the Rangers.
As I wrote at the time,
So when you hear a right-winger complain about Kelo, and government seizures of property, let them know who the worst offender is, and point them to this info.
And by the way, what ever happened to the Harken Oil insider trading document release that Bush promised?