AP Exclusive: Gregg had stake in, won aid for base

by VLOGZ | February 27, 2009 at 01:10 pm

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Sen. Judd Gregg attempted to do some damage control on Friday in the wake of a news article that reported the lawmaker steered taxpayer money to the redevelopment of a former Air Force base as he and his brother engaged in real estate deals there.

WASHINGTON (AP) — President Barack Obama's former nominee to become commerce secretary, Republican Sen. Judd Gregg, steered taxpayer money to his home state's redevelopment of a former Air Force base even as he and his brother engaged in real estate deals there, an Associated Press investigation found.

Gregg, R-N.H., has personally invested hundreds of thousands of dollars in Cyrus Gregg's office projects at the Pease International Tradeport, a Portsmouth business park built at the defunct Pease Air Force Base, once home to nuclear bombers. Judd Gregg has collected at least $240,017 to $651,801 from his investments there, Senate records show, while helping to arrange at least $66 million in federal aid for the former base.