The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast. These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or rescntr@ire.org) where a researcher can help you pinpoint what you need. Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
Search results for "loophole of unincorporated nonprofit not subject to fair market value" ...
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Anatomy of a Deal
"'Anatomy of a deal' and the series that followed covered the operation of the Fort McClellan Joint Powers Authority (JPA) in its mission to transform the former Fort McClellan Army base into part of the city of Anniston. The title story examined the specifics of the sale of the fort's prime real estate, the Buckner Circle area, to a group of developers with inside connections at the JPA. The story revealed the JPA gave the groups favorable treatment especially in neglecting to have the property appraised. The series that followed covered the JPA's response to the public fallout over the deal. Most residents of the area consider the redevelopment of the Fort McClellan of premier import, and the backlash over the deal reflected their concerns. Eventually the JPA was forces to open its meetings and records to the public."
Tags: real estate; historic preservation; former military base; development; option to buy; loophole of unincorporated nonprofit not subject to fair market value; property appraisal; cronyism; conflict of interest