Evolution of a hero

Page 4 of 4  
Todd can you tell us , how much money this guy put up for his share of the rangers? And he was in it for 5 years and was gov. after that time. Oh and when he was gov. tell us AGAIN how he screwed the people of exas for a new stadium and what that did to the value of the team. And after all this time how much did he get for his return on investment. Guess he has done well though. He has convinced alot of people he is a texan. Born and educated where?
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

As a matter of fact, I think I can answer most of those questions. In 1988, Mr. Bush learned that family friend Eddie Chiles was putting the team up for sale. He arranged in April of 1989 to have an investor group purchase the team for $89 million. He borrowed $500,000 to buy a small stake in the team and convinced the group to make him the co-managing partner. Mr. Bush was the public face of the team and the other co-managing partner, Rusty Rose, assumed control of the financial side. Mr. Bush lobbied for a new stadium for the team, which at the time played in a renovated minor-league facility, Arlington Stadium.
In April of 1990, Mr. Bush bought an additional $100,000 stake in the team. In January of 1991, Arlington citizens approved, by a 2-1 margin, public funds for a new $191 million ballpark. The Texas legislature passed a bill (signed by Ann Richards) that created the Arlington Sports Facilities Development Authority (ASFDA). In July, Mr. Bush bought another $6,302 interest in the team. In April of 1994, the new ballpark opened. Over the course of the season, a league-leading average of over 40,300 fans attended games. In November of 1994, Mr. Bush was elected governor of Texas. In December, before taking office, Mr. Bush resigned as managing general partner, but kept his ownership stake in the team, which stood at 1.8 percent. He would get another 10 percent bonus if the team was later sold and the original investors got back their original investment plus interest.
In 1996, the Ranges won the AL West and made the playoffs for the first time in franchise history. Stadium revenues of 25.5 million were rated best in baseball by Financial World. In 1998, Tom Hicks purchased the team for $250 million. With the bonus, Mr. Bush received $14.9 million.
So to summarize, he was involved with the team for 5 years but gave up his position with the team before taking office. He apparently negotiated a deal with the investor group that if he made them money, he would get an increased share. The citizens of Arlington approved the building of the stadium. From what I can tell, the stadium is owned by the city of Arlington. The Rangers lease the stadium from the city and the club maintains and operates the ballpark. Debt service is provided by a combination of a $3.5 million rental fee from the Rangers and a 0.5% sales tax city sales tax which was approved in an Arlington municipal election.
So, the city got a new ballpark which they approved and the original investors made a lot of money on their investment, part of which they paid to Mr. Bush.
Bush was born in Connecticut but grew up in Midland, TX. He was educated at Yale and Harvard. Do you have a point?
todd
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

direction.
Actually the man that bankrupted the Texas Rangers did a decent job as governor. It was the governor he replaced that almost bankrupted Texas. Ann Richards was her name and she was instrumental in starting up the lottery in Texas to help keep Texas afloat.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
Leon responds:

Yeah, I know. It's always the fault of those who came before. Bush is good at that, too. Everything screwed up in his adminstration is Clinton's fault.
Charlie Self "Don't go around saying the world owes you a living. The world owes you nothing. It was here first." Mark Twain
http://hometown.aol.com/charliediy/myhomepage/business.html
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
snipped-for-privacy@aol.comnotforme says...

You seem to be re-writing history there Charlie. I don't recall Bush having blamed the previous admin for much. However, throughout the previous 8 years (and even as recently as last week), the illusterous ex-president Clinton kept referring back to "undoing the damage of the past 12 years" or "undoing the damage of Reagan/Bush"
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
You might as well give up on this crowd they are true democrats when caught in one lie they just invent another...mjh
--



"Mark & Juanita" < snipped-for-privacy@hadenough.com> wrote in message
news: snipped-for-privacy@news.teranews.com...
  Click to see the full signature.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
Mike Hide wrote:

[snip]
Agreed. The Republican administration are the true democrats, especially when it comes to justifying the war in Iraq.     j4
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
jo4hn wrote:

Republicrats, Demublicans... I wouldn't give half a penny for the whole lot of them.
Reminds me... I need to go find out who won our primary. I'm not a Demublican or a Republicrat, but I voted in the primary.
Bill Cosby wasn't on the ballot for some reason.
Dang. No Jell-O pudding pops for us.
--
Michael McIntyre ---- Silvan < snipped-for-privacy@users.sourceforge.net>
Linux fanatic, and certified Geek; registered Linux user #243621
  Click to see the full signature.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

at
No seriously, Bush was a refreshing change and things got better. His current gig though is probably a bit of a stretch.

Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
THings got better how?
Renata
On Sat, 07 Feb 2004 04:50:16 GMT, "Leon"

Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
Renata asks:

In Texas, I think. I guess things did get better in the U.S., too, from one point of view: he is faithful to his wife and only screws citizens.
Charlie Self "We're 269 days from the election, and that's several political lifetimes." TERRY HOLT, Bush campaign spokesman.
http://hometown.aol.com/charliediy/myhomepage/business.html
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
The talk of adding a state income tax disappeared and highways and bridges began to be properly maintained again. In general people quit bitching about the governor and he was reelected by a wide margin.
At the time he was not real political, he seemed to want to make things right and take advantages of federal tax dollars that were always offered but in previous years forfeited because of red tape. He basically made good on his promises.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

...
Well, you forgot to mention that he cut taxes twice while Governor of Texas. Of course after he left, Texas had the second largest state deficit (only surpassed by California).
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
Still better than those that preceded him in recent history and Texas has had deficit problems for years long before Bush was in office. Remember why we got the lottery?

bridges
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

Lots of states have lotteries, but few have the deficits that Texas had. To claim that Texas' recent deficits are comparable to previous years is simply not true.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
-- > Yeah, I know. It's always the fault of those who came before. Bush is good at

No charlie the clinton administration just sucked in every aspect and in particular the interns....mjh
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
snipped-for-privacy@concord.com blares:

Socialist? Jeez, Mike that's a new way to define either you or the word, isn't it?
Charlie Self "We're 269 days from the election, and that's several political lifetimes." TERRY HOLT, Bush campaign spokesman.
http://hometown.aol.com/charliediy/myhomepage/business.html
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

Site Timeline

Related Threads

    HomeOwnersHub.com is a website for homeowners and building and maintenance pros. It is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.