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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.

Warrants: Execs transferred $23 million from electric co-op

April 23, 2009 --

Cobb County authorities allege that executives of a non-profit electric cooperative illegally transferred at least $23 million from the co-op to a business in which they had a financial interest. Cobb sheriff’s deputies and the GBI served search warrants Wednesday at the EMC offices and the homes of three co-op executives – CEO Dwight Brown […]