Court documents raise questions about Bay-Waveland School District’s purchase of the old Bay Tech Building

Last month the Seacoast Echo reported the Bay-Waveland School District had purchased the Old Bay Tech building on Second Street in Old Town Bay St Louis to house the district’s administrative offices and alternative school. This purchase would mark the beginning of the final phase of school district’s recovery from Hurricane Katrina and breathe new life in a building that has sat empty since the storm.

In a way that piece also encapsulates the state of the school district in 2012, which has found itself at odds with local good government activists over several issues that I will not go into on this post.  That said today the FEMA funded transaction the district executed to purchase the Bay Tech building will be examined in detail because the Seacoast Echo got it wrong, which is strange considering the editor of the paper is married to the school board president. To kick-start things let’s visit with that story I linked above:

The Bay St. Louis-Waveland School District has purchased the old Bay Tech building in Bay St. Louis, hoping to turn it into a new district office and alternative school.

The building and 1.6 acres of land located at 200 N. Second Street were purchased for $580,000. According to county tax records, the previous owner was Magnolia Group LLC of Shorewood, Ill.

Now when I say the Echo got it wrong I do not mean the reporting was lazy, as I think the reporter faithfully reported everything that was said in the meeting. We need to examine another snippet though, before Slabbed tells the in-depth story:

Project Coordinator Brad Barlow said buying the building made sense for the district.

“We’ve explored many routes and found that this was a cost-effective way,” he said.

Although the project has been delayed over other projects, Ladner said, the district wanted to get the schools rebuilt first.

Funding will come from FEMA proceeds and district funds.

I’ll admit I saw this piece last month and came away thinking $580K for a building and 1.6 acres of land in old town was a bargain. That is until I learned that it was sold on June 7, 2012 by the Magnolia Group to a LLC owned by 3 local business people for $325,000, that public records show owned the property around a month before flipping it to the school district for a $255,000 profit. Let’s establish that via the Multiple Listing Service aka the MLS.  I have made certain redactions to protect certain individuals that I do not believe were involved in the transaction: Continue reading “Court documents raise questions about Bay-Waveland School District’s purchase of the old Bay Tech Building”

Slabbed explores Aaron Broussard’s role in selling overseas investments for Danny Abel, Charles Leary and Vaughn Perret as we reintroduce Cerro Coyote SA to the Slabb

Yesterday I posted the text of a letter written to Aaron Broussard in June, 2007, a letter I obtained via Public Records Request to Jefferson Parish.  You see folks Aaron Broussard the Parish Prez and Aaron Broussard, Inc are indeed a distinction without a difference as he commingled his personal affairs with his official duties as Parish President.  To the extent he was cashing in his public service for personal gain I guess this should come as no surprise, unlike the few pleasant ones that I found going through the documents that came out of his desk last week.  😉

By now everyone knows the score with this group.  Local media outlets reported on Broussard’s use of his property at the Trout Point Development as a conduit to accept graft, a topic that federal prosecutors recently unveiled in a court filing in the Broussard payroll fraud case.  Broussard’s business agents in Nova Scotia then filed SLAPP suits against those media outlets in Nova Scotia via a practice known as libel tourism, first against the Times Picayune , then against Fox 8 and last against me.  They claim the media reported that Aaron Broussard owned Trout Point Lodge, a claim that has never been asserted on Slabbed because it was besides the point.

Multiple sources indicated to Slabbed early on that Broussard peddled all those business ventures “owned” by Danny Abel, Charles Leary and Vaughn Perret to selected members of the public and that he had a financial interest in doing so.  What the media needed was documentary evidence of that activity and to date outside of a redacted ownership agreement in Cerro Coyote posted to Slabbed nothing has surfaced except in the court case record of the SLAPP suit against Fox 8 filed by Leary and Perret in Canada.  Those documents clearly indicated that despite Charles Leary’s public statements to the contrary, he, his wife Vaughn Perret and their sugar daddy Danny Abel were intimately involved with Broussard, as his property managers and business agents with respect to the property he owned in Canada.

Something strange happened after a Slabbed commenter linked the fact the Cerro Coyote had in fact been sold:  I began receiving inquiries from Continue reading “Slabbed explores Aaron Broussard’s role in selling overseas investments for Danny Abel, Charles Leary and Vaughn Perret as we reintroduce Cerro Coyote SA to the Slabb”