Perry says he believes he paid fair market value when he bought the lot in 2000 for about $300,000. Perry, who sold the lot for $1.15 million in 2007, says many people who sold land in that area at that time made a profit.
He says the deal was open, honest and transparent.
Last year Perry appointed the resort's vice president to the Texas State University's board of regents, but he denies it was a political favor.