Thursday, November 16, 2006

Nancy Pelosi, John Murtha, Presidio Partners, 936 acres and $280 million

Those looking to find a reason for the Pelosi/Murtha alliance that resulted in the second of many blunders of Pelosi's career as THE FIRST WOMAN SPEAKER of the HOUSE (the first blunder being her advocacy of retreat from Al Qaeda) may want to look further into Nancy Pelosi's role as a longtime partner in Presidio Partners, an investment company with ties to federal military base closings in San Francisco.

Apparently, John Murtha was instrumental recently in helping complete a deal that required the Navy to transfer valuable real estate (containing a former military base) to the control of the City of San Francisco. Nancy Pelosi's nephew, Laurence Pelosi, was an executive of the company that owned the rights to the land.

In 2004, Pelosi publicly acknowledged Murtha's role in the transfer. "I also thank my good friend Congressman Jack Murtha for assisting us in this last round of negotiation.” AmericasNewsSource has more details. H/T Blonde Sagacity.

These details are still sketchy, but apparently the relationship between Murphy and Pelosi extends further than simply a joint desire to surrender to Al Qaeda.
Michelle Malkin posts on Murtha's defeat in the majority leader contest.

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