Why isn't this guy running our pension? With smarts like these, we'd be solvent by the end of the year:
- The property doesn’t look like much — a weed-strewn eyesore at the northwest corner of 21st and Prairie in the shadow of McCormick Place.
But the vacant piece of land proved to be very profitable for Drapac Group LLC, Australian developers who hired Langdon D. Neal, one of the city’s most politically connected lawyers.
Neal was a registered lobbyist for Drapac when it paid $1,020,000 for the 21,857-square-foot property in the shadow of McCormick Place in May 2013 — its first deal in Chicago.
[...] McPier paid Drapac $5,473,750 — meaning Neal’s current client helped his former client make a 400 percent profit in just 14 months, records examined by the Chicago Sun-Times show.
That sounds waaaaaay better than the Vanecko deal that cost us what? Tens of millions or so - plus the transaction fees Vanecko undoubtedly charged at the front end. If the Australians can make 400%, why not the pension fund? At least we're local.