N.C. congressman Shuler, TVA swap land

Knoxville News Sentinel ^ | 8/14/8 | Josh Flory

[SmithL]

U.S. Rep. Heath Shuler, D-N.C., on panel that oversees federal agency -

TVA has approved a water-access deal for a development group whose investors include U.S. Rep. Heath Shuler, D-N.C., who sits on a committee that exercises oversight of the federal utility.

On June 3, TVA CEO Tom Kilgore approved a transaction that provides 145 feet of water-access rights along the shoreline of Watts Bar Reservoir in Roane County to an entity called The Cove at Blackberry Ridge LLC. In exchange, The Cove agreed to relinquish 150 feet of water-access rights in Rhea County and also provide approximately $15,000 for a bank stabilization project at a different location on Watts Bar Reservoir.

Investors in The Cove at Blackberry Ridge include Shuler, a first-term Democrat from western North Carolina who is a former star quarterback for the University of Tennessee football team. Shuler sits on the House transportation committee's Subcommittee on Water Resources and the Environment, one of two congressional panels that provide formal oversight of TVA.

A financial disclosure statement filed by Shuler for 2007 showed his investment in The Cove fell in a range between $5 million and $25 million.

[SmithL]

Conflict of Interest?

[Red Badger]

Not if you are a (D)ummie.................

[meandog]

What is it about Washington that brings out the bum in Heath Shuler. He was a bum wasted draft pick with the Redskins; he’s a bum wasted choice in Congress for NC!

[meandog]

DUH! How could I be so stooopid???

[Red Badger]

As a COWBOY’S fan, I can appreciate that!.................

[org.whodat]

Both sides, are out to get rich off of the public, stealing and selling public property for their own gains is nothing new.

[anoldafvet]

Silly me, I thought you had to divest yourself of stuff like this when you served in the congress. Apparently, from the stories about Schuler and Pelousy, you don’t, or does that just apply to RATS?

[Blood of Tyrants]

Not just ‘Rats. IMHO, ALL politicians are involved in schemes that enrich themselves because they have power to influence interest. Ever hear of a politician that came out of Congress with less money than when he/she went in?

[Red Badger]

Power corrupts; Absolute power corrupts absolutely....
John Emerich Edward Dalberg Acton, first Baron Acton (1834–1902)