Finance Friday – September 9, 2016



That’s the acreage that Ted Turner sold last week to the Osage Nation, for $74 million. More precisely, sold back – the Osage owned 1.5 million acres until 1906 in what is now Osage County, Oklahoma, and before that, hundreds of millions of acres were in their historic territory.

The purchase is funded through casino revenues.

I was a real estate analyst for many years, and this is by far the most poetic land deal I’ve ever seen.

More details on this transaction can be found herehere, and here.  You can read more about the Osage Nation (including their support for the Standing Rock Sioux Tribe’s protest of the Dakota pipeline) here, and more about Ted Turner’s ranches here.

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Photo:  USDA via Wikimedia Commons.

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