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DouGLASS County Land Deal

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Douglas County Commissioners have made a tentative offer to purchase land from PDO Investors, an LLC led by Steve Glass. The county has offered $1,196,000; a whopping $35,176 per acre.

Glass will prove himself to be a businessman extraordinaire should this transaction be completed.

First, this land neighbors the parcel that Glass sold to Lawrence Public Schools two years ago. That 76 acres sold for $1.73 million ($22,763 per acre). During a down economy and a depressed real estate market where many are selling at a loss, Glass seems to have managed to increase the value of his unimproved land by 54%.

Second, Glass appears to be the only property owner who has cut a deal where the County is making an offer above and beyond the County's appraisal value. According to the letter of intent, "Douglas County will offer to purchase the two adjacent properties located in the Franklin Business Park at the 2011 county-appraised values..."

Jerry Taylor will be offered $572,720.

Printing Solutions will be offered $250,000.

Glass and PDO are being offered $1,196,00 for property that had an 2011 county-appraisal of $7,160.

Should the County decide to continue with this plan the commissioners would better serve their constituents by making Glass the same deal as the other property owners - offer the 2011 county-appraisal.

An offer by the county that is 54% higher than recent sales, an offer that shows special consideration that other owners did not receive - frankly - is not as transparent as glass. Or, is it?


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Comments

puddleglum 2 years, 12 months ago

but steve really worked hard for that money....didn't he?

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motoadventure 2 years, 12 months ago

Thank you, you answered my question perfectly.

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SynjynSmythe 2 years, 12 months ago

Just a businessman - - - I mean school taskforce plant - - - I mean Lawrence Schools Foundation crony, soaking the community for every red cent possible!

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Catalano 2 years, 12 months ago

Is Steve's wife (Therese Gorman) still a county employee? I think she's an engineer. Does something with roads, maybe?

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LadyJ 2 years, 12 months ago

Starting to make sense now.

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kernal 2 years, 12 months ago

Let me get this straight. Terese Gorman, engineer for the City of Lawrence and department spokesperson to the LJW on street and sidewalk issues, is the wife of Stephen Glass, who runs LRM Industries which gets most of the City of Lawrence contracts for street repairs and paving? Is that right? And wasn't Terese's father the one who started and built the business? Who is the majority stockholder of that corporation?

Oh, boy.

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MattressMan 2 years, 12 months ago

She no longer works for the City of Lawrence, she is now employed as an Engineer for the County Public Works Dept. You know, the same Public Works Dept that needs more space.

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LadyJ 2 years, 12 months ago

This just keeps getting better, or should I say worse

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kernal 2 years, 12 months ago

Just found out Steve Glass died yesterday - a short obit has been posted. Oy. It got worse.

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Anne Bracker 2 years, 12 months ago

The Stephen Glass in the obituary is not the same Steve Glass from PDO Investors

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