WHO: |
Michael Dell, computer magnate Tim Timmerman, Austin realtor, part owner of Austin Jockey Club Mike Toomey, uber-lobbyist, close Perry friend and former chief of staff |
WHAT: |
Prime 9.3 acre tract of land between land Dell was buying up, and the municipal sewage line |
WHERE: |
Northwest Travis county |
WHEN: |
1993-1995 |
HOW: |
In 1993, then-Agriculture Commissioner Rick Perry allegedly received a tip from Austin realtor Tim Timmerman about a piece of land in northwest Travis County. Timmerman and Perry knew each other because they both served on the board of an insurance company, Citizen’s Inc. The land was between city sewer lines and property being bought up by multi-millionaire Michael Dell to build a house. Perry bought the land for $122,000, using friend and lobbyist Mike Toomey as the broker. Just two years later, he sold it to Dell for $465,000, nearly four times what he paid. |
HOW MUCH: |
$343,000 profit |
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