9/22/2009

A few questions for Congressman Mike Ross

Congressman Mike Ross apparently has a few questions to answer. I have to say that this guy has bothered me a lot because he provided the critical vote in committee to get the health care bill out and then says that he opposes the bill. His vote won't be the deciding vote when the final bill gets to the House floor. He seems to get it both ways. He gives the Dems the crucial vote they need and then tells voters back home that he opposes it.

Arkansas Rep. Mike Ross — a Blue Dog Democrat playing a key role in the health care debate — sold a piece of commercial property in 2007 for substantially more than a county assessment and an independent appraisal say it was worth.

The buyer: an Arkansas-based pharmacy chain with a keen interest in how the debate plays out.

Ross sold Holly’s Health Mart in Prescott, Ark., to USA Drug for $420,000 — an eye-popping price for real estate in a tiny train and lumber town about 100 miles southwest of Little Rock.

“You can buy half the town for $420,000,” said Adam Guthrie, chairman of the county Board of Equalization and the only licensed real estate appraiser in Prescott.

But the $420,000 that USA Drug paid for the pharmacy’s building and land was just the beginning of what Ross and his wife, Holly, made from the sale of Holly’s Health Mart. USA Drug owner Stephen L. LaFrance Sr. also paid the Rosses $500,000 to $1 million for the pharmacy’s assets and paid Holly Ross an additional $100,000 to $250,000 for signing a noncompete agreement. Those numbers, which Mike Ross listed on the financial disclosure reports he files as a member of Congress, bring the total value of the transaction to between $1 million and $1.67 million.

And that’s not counting the $2,300 campaign contribution Ross received from LaFrance two weeks after the sale closed. . . .

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1 Comments:

Blogger theblogdoggie said...

No one ever mentions that the local pharmacy is also where us local citizens pay our light bills. They also charge about $30 or more just to have an account with them. This has been a major problem in my area. There have been so many town meetings about this problem yet nothing ever seems to get done. The price just seems to go up and up. Especially in the lower income areas of town and there doesn't seem to be anything we can do about it.

10/09/2009 10:02 PM  

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