Records show the mayor bought a 1,700-square-foot townhouse in Frisco, about 25 miles north of Dallas. Sales prices are not public records in Texas, but the developer's Web site shows that models like the one purchased by Nagin start at just less than $200,000. The Nagins took out a mortgage for $157,490, records show.(actual announcement here)
Nagin declined Friday to comment on the purchase, calling it a "personal investment."
Last year, Nagin acknowledged that he was investigating a piece of real estate in the Dallas area, where his wife has relatives.
"If I buy it, it will be like a second hurricane home," he said then, calling the property "a little two-bedroom townhome that's very modest."
September 22, 2007
Nagin Annouces Future Location of Storm Shelters
Just outside Dallas, TX:
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