AP Enterprise: Turner profits at stake in fight... Created by kblakeslee on 4/10/2014 3:38:52 PM
INDIANAPOLIS (AP) _ A top Indiana lawmaker and his son are among investors who could have lost millions if a proposed ban on nursing home construction had become law.
An Associated Press review of public and private financial documents shows investors in Mainstreet Property Group get up to 600 percent of their investment back in some cases. The company's principals are House Speaker Pro Tem Eric Turner and his son, Zeke Turner.
The construction ban could have forced the Turners to take their business elsewhere and give up relationships that have long led to favorable financing deals in Indiana. But the measure died after intense lobbying by Eric Turner.
Turner's efforts have sparked a House ethics investigation. He denies any wrongdoing and says the moratorium wouldn't have harmed his family's company.