The Florida Senate Republicans’ campaign committee paid $450,000 in cash to purchase a restored 120-year-old building in Tallahassee this month, Senate President Wilton Simpson confirmed on Monday.
Simpson, a Trilby Republican, said he approved the purchase of the 2,766 square foot building so the Florida Republican Senatorial Campaign Committee, which plays a key role in raising funds and backing GOP Senate candidates, could save money.
According to Florida Division of Elections records, the committee paid $4,066 per month in rent for a property in Tallahassee last year. Simpson, who has made a fortune as an egg farmer and an environmental mitigation specialist, said he noticed the lease payments when he took over as head of the committee following the 2018 elections.
“What I noticed when I took over, we were paying a lease monthly. The money that we had, the cash that we had in our account was not drawing interest. So, what I tried to do is come in and say, OK, look if we’re going to maximize our fundraising opportunities, and we’re going to give it some long-term stability, we should own our own building,” Simpson told The News Service of Florida.
The Leon County property appraiser’s website