Cedar Park Associates, wholly owned by Central Texas Regional Mobility Authority Chairman Robert Tesch and his wife, filed for Chapter 11 bankruptcy protection this week. Tesch's business has failed to pay over 3 million dollars it owes to Regions Bank.
This is not the first time Tesch has refused to pay his bills. As disclosed in his 2003 Governors Appointment Application, Tesch has had other defaults on "personal, business or student loan(s)", which include another bankruptcy and a pending foreclosure. Armed with the history of Tesch's past defaults, Governor Rick Perry still appointed him as the states first RMA chair in January 2003.
In March of 2005, Comptroller Strayhorn publicly called for resignation of CTRMA Board Chairman Tesch and Johanna Zmud, citing favoritism and self enrichment. TESCH REFUSED TO RESIGN. Robert Tesch has real estate interests in Williamson County that will benefit from the tolls on the CTRMA's first toll road - 183A. Comptroller Strayhorn's report on the CTRMA shows how one of Tesch's properties have already increased more than 600% in value since he became chair of the RMA.
Rick Perry's unelected, unaccountable RMA's will set the toll rates for public freeways.
Robert Tesch files for Chapter 11 bankruptcy - STATESMAN ARTICLE.
Austin Business Journal ARTICLE
8/03/2005
The country's first freeway tolling authority chair, Robert Tesch, files for ANOTHER bankruptcy.
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And in addition to the numerous other incidents of corruption, on a positive note the Texas Workforce Commission just concluded that Mr Tesch defaulted on his obligation to pay wages to the 30 plus employees of The Inn at Orchard Park (formerly owned by Mr Tesch)until he let it go into foreclosure and lost it. His employees continued to work up until the last day and Mr Tesch had refused to pay wages.
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