Investment in Utah Pays Off

Summary


ANCHORAGE -- U.S. Sen. Ted Stevens has turned a $15,000 investment into at least $100,000, and perhaps as much as $250,000.

Stevens, R-Alaska, joined with Anchorage developer Bob Penney and other partners to develop a subdivision in Grantsville, Utah. Stevens invested his share in 1998. That investment has grown, at the very least, 566 percent over five years.

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Investment in Utah Pays Off

Stevens' office declined to discuss the investment.

"When it comes to the senator's growth or losses in his financial disclosur...

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