Thursday, April 17, 2014
AP: Turner Made $8 Million On Sale Of Nursing Homes The Past Two Years, Will Make $1 Million On Each New Nursing Home
The Associated Press' Tom LoBianco has obtained documents that show that State Rep. Eric Turner made a sweet $8 million the past two years on the sale of nursing homes through the 38% stake he owns in Mainstreet Property Group. LoBianco is also reporting that Turner stands to make at least $1 million on each new nursing home facility Mainstreet constructs in coming years. LoBianco earlier reported that Turner stood to lose millions if the legislation opposed by Mainstreet had become law this year. Mainstreet has plans to build more than two dozen homes in Indiana over the next several years.
Rep. Turner is facing a House Ethics Committee over allegations by his fellow Republican lawmakers that he lobbied behind closed doors to defeat legislation that would have imposed a temporary moratorium on the construction of new nursing homes in Indiana. Turner had previously told his colleagues he would refrain from voting on or participating in discussions on the legislation that his son, Zeke, the CEO of Mainstreet, and his daughter, Jessaca Stultz, were both lobbying lawmakers this past session to defeat. WTHR is reporting that the House Ethics Committee will meet for its first meeting to begin its investigation on April 23.