In 1993, while walking through the stadium, Bush told the Houston Chronicle, "When all those people in Austin say, 'He ain't never done anything,' well, this is it." But Bush would have never gotten the stadium deal off the ground if the city of Arlington had not agreed to use its power of eminent domain to seize the property that belonged to the Mathes family. And evidence presented in the Mathes lawsuit suggests that the Rangers' owners -- remember that Bush was the managing general partner -- were conspiring to use the city's condemnation powers to obtain the thirteen-acre tract a full six months before the ASFDA was even created.
In an October 26, 1990, memo from Mike Reilly (an Arlington real estate broker and part owner of the Rangers), to Tom Schieffer, Reilly says of the Mathes property, "... in this particular situation our first offer should be our final offer.... If this fails, we will probably have to initiate condemnation proceedings after the bond election passes."
The Mathes memo reveals a sharp contrast between Bush's public pronouncements in defense of property rights and his private profiteering. While running against Ann Richards, Bush said, "I understand full well the value of private property and its importance not only in our state but in capitalism in general, and I will do everything I can to defend the power of private property and private property rights when I am the governor of this state."
Yet Bush and his partners used Arlington's powers to condemn the land for the stadium, and relied on taxpayers to repay the bonds sold to build the Ballpark -- receiving what amounts to a direct $135-million subsidy. Now, after tripling the amount they paid for the Rangers, Bush and his partners won't re-pay the city a measly $7.5 million.
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