The sale came in the afternoon as the prices of Treasury securities fell.
The sale came in part to keep his family from having to pay high estate taxes upon Colangelo's death.
"So the sale of Hierroperu came just at the right time for them."
The sale came a short time before the record high for the stock, which reached $25.75 on Sept. 3.
The sale to the Japanese came as no surprise in real estate circles.
The sale of broadcast and cable rights came even before the sites had been selected.
The sale had come to just under twenty-five hundred dollars with the tax.
The sale comes at a favorable time for the authority.
When the sale came it was to a reorganization committee for $30,000.
"Altogether, he spent about $11,000, and that sale would've never come had it not been for the site."
