Rahm gets in the real estate game—with your money.
by Ben Joravsky
As if the city doesn't have enough problems with crime, budget deficits, and school cuts and closings, Mayor Emanuel has decided to barrel headfirst into the South Loop real estate market—with at least $55 million of your property tax funds. The key moment came at the July 24 City Council meeting,
when he hammered through an ordinance giving the city eminent domain authority to buy property at Indiana and Cermak.…[ Read more ]