Recent Updates

Governor Hogan put his assets into the “Lawrence J. Hogan, Jr. Trust.”  The Trust, despite the example set by other governors across the country, is not a blind trust: Indeed, it specifically allows Hogan to know the “status of [his] current investments, and the identity of the and the locations of the real property….” and Hogan put three of his closest business associates in charge as the trustees.  See here and here.  The Lawrence J. Hogan Jr. Trust is the sole owner of The Hogan Group, which owns several Hogan companies, including Hogan Development, LLC.  Hogan Development, LLC, in turn, owns numerous subsidiaries that are the owner or developer of many developments, including the projects listed below, which benefited from his State Highway Administration’s project decisions.  The Governor’s financial disclosure includes a document mapping out his Trust ownership arrangements here.  We have recreated that same document in a readable format here.  During just his first three years in office (2015-2017), Governor Hogan earned almost $2 million from his real estate interests making him the only governor in Maryland history “to have made millions of dollars while in office.”  See here.  Apparently, according to his official spokesman, Governor Hogan has not once recused himself from decision-making affecting his numerous real estate interests involving government permits, approvals and funding.  See Id.