Blue Dog profited on sale of property to campaign contributor
Rep. Mike Ross (D-Ark.) has found himself in the role of a de facto spokesman for the crucial Blue Dog coalition in the House during this summer's health care debate. With increased attention, however, comes increased scrutiny.
Ross sold his business at an inflated price to a pharmacy chain whose owner is a campaign contributor and has strong views on the health care debate in Washington, according to an investigation of his personal financial disclosures by ProPublica appearing in this morning's Politico.
The Arkansas-based pharmacy chain USA Drug, with more than 170 stores in five states, bought Holly's Health Mart in 2007 for between $1 million and $1.67 million, according to Ross' financial disclosure reports for that year. The total includes $420,000 for the property itself. But local officials assessed the property at only $263,000, and an appraisal by ProPublica in August valued the property even lower.
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