First, buy a church at the price his investment group paid for it ($930,000). Let ’em keep the acreage around it. Second, pour $1 million-plus into an extreme makeover, making the surrounding property even more valuable. Third, pave those roads around the property at taxpayer’s expense.
Do the math Argyle. After your town issues another $3.64 million in certificates of obligation, you will be more than $5.5 million in debt — all issued since Greg Landrum has become mayor. He has directly benefited from about 20 percent of that debt.
Since Landrum took office, Argyle has gone from less than $150 in municipal debt for every man, woman and child inside town limits, to about $657 for each person. Argyle’s debt load will soon balloon to about $5,000 per household (or about $1,250 per capita) with this latest spending frenzy. There is no new development coming to support that debt — except natural gas wells being drilled next to our homes and schools.