Tuesday, July 31, 2007

We Need to Know More About Bob Penney

In an earlier post I discussed Lisa Murkowski's selling back the land she bought cheap next to real estate developer Bob Penney's house on the Kenai River. (For the non-Alaskans, that's KEY-nai, emphasis on the KEY.)

But I suspect the really interesting character in this story is Bob Penney. His name has been in and out of the news since we arrived in Alaska 30 years ago. He's been a big proponent of sports fishing. We really need to learn more about all the things he's been involved with. The quote below and then the video deal with Penney's knowledge of the value of the land.

From a Richard Mauer and Brandon Loomis Anchorage Daily News piece on July 25, 2007,

“The denial of knowledge of the value of a prime piece of real estate by a multimillionaire developer who lived next to the property and an attorney/real estate investor turned U.S. Senator took on comic opera overtones when Penney told the press: ‘Word of honor, I did not know what the assessed value was … I thought it was still $120,000,’” Boehm wrote.
“It doesn’t pass the straight-face test or the laugh test,” Boehm said in an interview. “On what planet is that an excuse?”

To add to Boehm's point, here's a video from Veracifier at Youtube in which

Real Estate developer Bob Penney testifies at a hearing on the "Ecocomics of Sports Fishing," April 24, 2007

By the way, I still haven't heard back on the email I sent Penney's company on the 27th offering to buy the land he'd just gotten back.

[More on Penney here and here.]

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