Showdown at Clout Corner
UNDER INVESTIGATION | Rezko, partners made millions on Northwest Side deal that pitted mayor against Ald. Mell
What does Barack Obama know about Mr.Mahru or should we say what has Mahru told the Feds about the $1000 that find its way to Barack Obama.No word yet from Alderman Burke on those 62 Acres.
http://nalert.blogspot.com/2008/12/former-rezko-partner-files-for.html
http://www.suntimes.com/news/metro/1255204,tony-rezko-mayor-daley-home-depot-deal-110208.article
http://nalert.blogspot.com/2008/11/rezko-and-friends-make-millions-mayor.html
from:
http://www.suntimes.com/news/metro/1255204,tony-rezko-mayor-daley-home-depot-deal-110208.article
The mayor wouldn’t let Rezko, Dan Mahru and Ali Ata build townhomes at Addison and Kimball on Chicago’s Northwest Side.
Rather than fight City Hall, Rezko and his partners sold the 10-acre site to Home Depot — represented by developer Michael Marchese, a friend of the mayor’s.
Rezko and his partners paid $7.9 million for the vacant land in September 2001. Eleven months later, they sold it to Home Depot for $12.5 million — a 40 percent profit.
The sale infuriated neighbors who didn’t want a busy store on the corner where an envelope factory had operated for decades.
Now, the deal is under federal investigation, a source familiar with the probe said. “There’s a further case against Tony Rezko. It involves this property,’’ the source said.
RE: “pitted mayor against Ald. Mell”
City of Chicago - Ward33 Served by Richard F. Mell
Mell is the father of Patricia Blagojevich (Rod)
Alderman Mell currently serves as Chairman of the Committee on Committees, Rules and Ethics and is a member of the Committees on Budget and Governmental Operations, Finance, Health, Housing & Land Acquisition, Human Relations and Traffic Control and Safety.