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Appraisers: Oaky Woods sellers got sweet deal in 2004

Appraisers: Oaky Woods sellers got sweet deal in 2004
January 5, 2011 --

The site of the Oaky Woods wildlife area sold for such a sweet price in 2004 that the sale cannot be used to determine a value today, state appraisers say. The state last week forked over $2,860 an acre — 75 percent more than the ’04 price — for a portion of the tract. A subsidiary of Synovus Financial, the Columbus-based banking giant that’s lost a pile on bad real-estate loans, pocketed about a third of the proceeds.

$28.7M Oaky Woods deal OK’d; appraisals remain secret

$28.7M Oaky Woods deal OK’d; appraisals remain secret
December 13, 2010 --

State officials today agreed to pay $28.7 million for a 10,000-acre bear habitat in middle Georgia but still won’t release the appraisals used to determine that value. Houston County values the land at $1,165 an acre for tax purposes. The sellers, who paid $1,600 an acre six years ago before the real estate market collapsed, are selling it to the state for $2,875 an acre. Officials released appraisal summaries that say the property is worth that much, but declined to disclose the full appraisals until the deal is closed.

John Thompson, DNR asst. financial director, $109,900: ‘I do nothing’

July 29, 2009 --

A 29-year employee of the state Department of Natural Resources, Thompson was transferred to a supervisory job but did no supervising. During an interview by the Inspector General’s office, Thompson flippantly stated, “I do nothing.”