Bradenton Times: Written by Staff. April 8, 2018.
Staff Report•Sunday, Apr 08, 2018
BRADENTON — A land deal that scored Florida Agriculture Commissioner and Republican gubernatorial candidate Adam Putnam's family business $25 million—a deal that was enabled by legislation he helped pass as a member of the Florida legislature—is threatening to derail the campaign of the man once seen as a lock for the 2018 race.
In July of 2005, Florida taxpayers spent $25.5 million on 2,042 acres of Putnam's family's ranch—land that had been valued at only $5.5 million a year earlier. The exact law created in the Putnam-sponsored bill was cited as justification when the South Florida Water Management District passed a resolution that approved the deal.