Business in Chicago
- Ten years ago, Chicago’s most powerful alderman, Edward M. Burke, and the
rest of the City Council signed off on a deal that promised $16 million
in taxpayer subsidies to the Wm. Wrigley Jr. Co. to help it build a new
corporate campus on Goose Island rather than move to the suburbs.
Three years later, Burke’s law firm, retained by Wrigley, persuaded Cook County officials to lower the property assessments for two buildings the chewing gum giant had bought down the street from the new campus.
Burke’s legal work helped Wrigley cut its property taxes by more than $412,000 between 2006 and 2008, records show.
For that, the company says, it paid the alderman about $90,000 in legal fees.
And the topper?
- Wrigley has never finished the project, though.
Hey Rahm, how about you go after these missing millions?
Labels: city politics
posted by SCC at 12:01 AM
25 Comments:
And Ed Burke has over 9 Million in his campaign account! That is the money he tells us he has, how much more has he taken? He still has retired CPU drivers that the taxpayers pay for! The king is here!
He could'nt even take his bodyguards away.
Rahm would rather cut the police force. Were at about 8500 total officers right now with 50-60 retirements each month. I keep telling him to hire more officers but he won't listen to me.
Garry M
Keep dreaming. Burke's out is he never votes on these matters. What a pathetic joke.
Get the money out of politics. Until we do the government will not represent us they'll represent corporations, the people with the money buying the politicians.
Since the supreme court ruled that corporations are people and money is free speech therefore a corporation can donate as much as it wants for a political campaign the people don't stand a chance.
And think about it.
What about the corporations with major foreign investors from Russia, China, India or maybe even Iraq, Iran, etc. These investors can pressure the corporate CEO's to lobby Washington for laws that don't favor US citizens at all or perhaps use the corporations as a conduit to fund political campaigns for president!
Statistics have shown that the person elected for president is often times the one that raises the most money to put out ads.
What kind of country is that? Where did our sovereignty go? We've been sold out to the highest bidder. This stuff is at all levels of government.
Heh...$90,000 dollars spent in legal fees for a $412,000 profit. I'd like some of that action too! That's over a 450% return on your investment.
I give you a tax break, and you give my law firm some business and maybe a campaign donation. What? This money is not that money. I give you a corporate tax break and then you give me money as a donation for NATO and a $55 mil park. But I don't have to account on that donated money because it's not tax money it's a donation,right? I only promised transparency on where the tax money was being spent this ain't tax money.
Wait until we see these corporate partnerships for city projects that the mayor was talking about. We ain't seen nothing yet.
The scams go on...
Have you noticed something?
The mayor has a plan for speed trap cameras in school zones. The plan is touted in large 72 point type in bold print on the front pages.
Later we find out on page 34 in tiny little six point type that the vendors can't meet the requirement in the RFP to photograph and identify if a child is in the zone at the time of the infraction in accordance with the law. So now what?
The plan created a lot of noise and who knows if and when the taxpayers will ever get anything.
***
Then, the mayor proudly announces with much hoopla gigabyte wireless WiFi internet access in all the city parks.
However as far as I know there is no such technology currently available to provide gigabyte speeds over a wireless link.
We can get something at a lower speed but not gigabytes.
It sounds impressive and leading edge though doesn't it? The backbone of the system, the fiber optic cable leading up to the wireless equip may run at a gigabyte speed but the throughput that the user will get can only be as fast as the slowest link.
***
Then Motorola is offered a tax incentive to stay in Illinois with a catch in the plan concerning the number of people that must remain employed to get the tax break.
Then a few weeks later we hear mass layoffs at Motorola that makes them ineligible for any of the money previously announced.
Now we hear that Depaul wants to move their basketball games to Chicago.
Quick, hurry, let's put out a press release so our name is associated with that news. I'm sure we can come up with something. Try offering something that you know they won't or can't take. This way maybe you can fool some people like you had a part in making it a success and it cost us nothing. That's what it feels like doesn't it?
Do you get it yet??
And these people are going to run a Chicago Ideas Week. Some ideas eh?
wtf ed burke
Runt won't do anything, it's the Shitcago way !!!
burke also knows where the money appropriated for our pension fund went. it didnt go to the fund as intended. then they wonder why the fund is in trouble. we need a lawyer to sue the city to ante up what is owed entirely.
Ed Burke? This city is a joke. we repeatedly vote in royalty...
Any educated citizen that votes for an incumbent should have their head examined.
I am retired and my real estate tax bill went way up even though the price of my house went down. When I looked into the reason I discovered that Michael Madigan and John Cullerton passed legislation eliminating the tax exemption for senior citizens.
I have since learned that Madigan, Cullerton and Burke all have law firms that specialize in lowering the real estate tax bills of large businesses and connected individuals. These decisions are made by people like Joe Berrios who is an ally of all three.
It is time to throw the Democratic crooks out of office!
The looting of the treasury continues.
Will the voters ever wise up ?
These are the real Chicago values, hire the right firm, give to the right campaign and give the right person the envelope.
Look uinto Burkes home on 51st street, how it was built, how he got deferments from city ordinances and why he pays a substantial reduced property tax.
and that passed the smell test??? What a joke...unfortunately that is on us.
ed burke has stolen more from this city than daley ever dreamed. question, how does an irishman get elected every four years in 85% hispanic ward?
Voting is not going to change anything! Politicians are not for the people. Politics is all about Government and Business.It's about what benefits the government and the wealthy. Democrat or Republican - same shit different name. I stopped voting at 19 yoa.
There's no problem here. The real problem are you union city workers. Your super pensions are killing the city. LMFAO!!!!
Check on United. I worked there as a IT contractor. They got a 20 million dollar tax break, no new employees, just moved downtown. In the meantime the joke was just assign names to empty seats so the city would see they are moving bodies downtown.
Ethics violation.
Voting is not going to change anything! Politicians are not for the people. Politics is all about Government and Business.It's about what benefits the government and the wealthy. Democrat or Republican - same shit different name. I stopped voting at 19 yoa.
10/02/2012 04:30:00 PM
Yep. That works. There should be some kind of intelligence test for voting. You wouldn't pass anyway.
how about rahm making 18 million while at freddie mac? what did he do? michelle with forty secretaries making 6 figures, what do they do? but the big problem according to them is our pensions. has the xmayors son repaid the loan? why havent bga, fbi, iga, investigate these law breakers?
"Anonymous said...
Voting is not going to change anything! Politicians are not for the people. Politics is all about Government and Business.It's about what benefits the government and the wealthy. Democrat or Republican - same shit different name. I stopped voting at 19 yoa. "
Unless you are 20 yoa, you are directly responsible for the thieving Democrats maintaining their stranglehold of power. STFU.
Ask yourself how this story got in the paper in the first place. Make no mistake that Rahm is going after Burke and using his ink-stained b~tches in the press to do his dirty work.
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