Allison, the huge gray area in this crazy saga, is that the property was purchased at what may not be fair market value. We now know that Todd is window dressing for a group that is trying to gain citizenship to the US, they probably look at their investment as more of an entry fee than typical ROI. We have all assumed that the State screwed this deal up from day one from the typical governmental incompetence. There is a small chance, that the State actually knew the property was not worth the asking price and figured no one would ever make an offer, because the math just doesn't work. Another thing the Chinese money helps to explain, is Todd refusing the 25 million to walk away. It's probably impossible to have good faith negations with someone in Todd's position, which is why the State had to ultimately use eminent domain.

All this talk we are doing is revolving around different ways of looking at properly paying for the land.

Its obvious what the value is to Todd. I think everyone understands that he will lose money if the state can get it at what he paid for it or anything close. I also think everyone understands that the state can take the land for what its worth.



The discussion should center around why anyone believes he should not be paid for the land based on what its value is now while being developed.

He bought it thinking the state did not want it.

well lets look at your first sentence above... He bought it thinking the state did not want it.
you state that as a fact... is it a fact?, you knew what he was thinking? I dont think so.

In a legislative hearing last week, state Senator Charles Schwertner, a Republican from Georgetown who represents Fairfield, asked TPWD Executive Director Carter Smith about the situation. “It would be our hope that we could continue to see that lease extended with the new buyer of that property so that the state park did not go away, but ultimately we’re going to be at the mercy of the new owner,” Smith told Schwertner.

A Vistra spokesperson said the company has leased the land to the state at no cost and gave the Texas Parks and Wildlife Department a two-year notice that it intended to terminate the lease effective October 2020. The spokesperson said Vistra encouraged the state to submit a bid to buy the entire property — but the state did not submit a bid.

The state leased the 1,460-acre park from Texas Utilities in 1971-1972 and opened it in 1976, according to Texas Parks and Wildlife.

dont forget it was a no charge free lease the state had pretty sure anybody that bought the property would keep that deal going.

I'll bet they got a significant tax break for it also. They dang sure wasn't paying taxes on a 110M property.

I'll bet they got a significant tax break for it also. They dang sure wasn't paying taxes on a 110M property.