TxDOT: Feds investigating land deals near I-35E


DALLAS (AP) — A federal grand jury is investigating state purchases of land for expansion of Interstate 35E in North Texas that benefited two Dallas real estate dealers.

Texas Department of Transportation spokesman Bob Kauffman confirmed to The Dallas Morning News that federal authorities are investigating land purchases made by two businessmen who then sold the land back to TxDOT at a significant profit.

Kevin Bollman and Wade Blackburn say they used public information about planned TxDOT projects to make their purchases.

According to property records, Bollman purchased 1 acre in Lewisville in 2011 for $2.2 million, then got $3.5 million for it from TxDOT a month later.

Both men deny any wrongdoing.

KXAN.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

blog comments powered by Disqus