Federal authorities are looking into a former land deal by Gov. Mike Easley, according to the company that marketed the property.
Easley purchased a lot in the Cannonsgate development for $549,880 at the end of 2005, according to property records. It was assessed at a tax value of $1.2 million a year later, though it would sell for less today.
Separate reports in 2006 by the Charlotte Observer and the Carolina Journal, a publication of the John Locke Foundation in Raleigh, compared the Easley sale with others nearby and concluded that he got a good deal.
The project was developed and marketed by brothers Randy and William Allen, whom Easley appointed to the state Wildlife Resources Commission. Another Easley appointee, transportation board member Lanny Wilson, helped finance the project with a $12.5 million loan.
All three were major campaign contributors to Easley. (N&O)