News Analysis

There are 84 comments on the Chicago Tribune story from Dec 31, 2008, titled News Analysis. In it, Chicago Tribune reports that:

Like so many Chicagoans, Walter and Alice Sopala didn't like how their alderman let a real estate developer build a new condo building that placed their home in its shadows.

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Since: Aug 08

Chicago IL

#92 Jan 1, 2009
How come none of the good aldermen are ever written about and recognized in the news?

Ald. Marge Laurino in the 39th Ward has had a reputation like this for a long time.
Appraiser one

Round Lake, IL

#93 Jan 11, 2009
deflation time wrote:
It will be very interesting to see where the bottom settles on chicago real estate. I'm envisioning the city returning to the 1980s where whole neighborhoods were boarded up so that you could buy a wicker park mansion for well under $500k.
Let's see--take out the bribes and kick backs; the pie in the sky valuations; the neighborhood bonus charm; the funny neighborhood extensions (bucktown west, ha), the overvalued teardown...I'd think well hit bottom when those $400,000 condos start selling for $150-$180 all said and done.
Now Tribune can start investigating the over-development of retail and strip malls...I can't wait for those to go white elephant as the whole quadrant between diversy, Ashland, Western and Fullerton is beyond ridiculous...30 minutes to get from ashland to Western on Fullerton during the holidays and still probably 15 minutes on a normal weekend. That's beyond bad planning...outright corruption and stupidity.
Bank officials are already reappraising many of these homes and condos that were valued way over their actual worth by shady mortgage lenders, developers and their appraisers.

Wait until they figure out how much damage these crooks caused to the American financial system.

Oh wait, they already did!!
UK Village

Round Lake, IL

#94 Jan 11, 2009
32ndWardTaxPayer wrote:
What some of your fools don't realize is that the spiraling(and pie in the sky) valuations of these buildings enabled the machine as a whole to raise your real-estate taxes. So, we all(everyone in Illinois) get strapped with higher taxes, while the machine players reaped the politically controlled profits on the real estate side AND on the tax side. In the state of Illinois the properties developed in these corrupt deals were the most profitable for both kick-backing developer and state taxman. Their inflated values created a gamed baseline from which all others increased in values by proxy. Our taxes have more than tripled thanks to these corrupt shenanigans. Who in Illinois hasn't seen their taxes increase manifold, and now Daley can't afford to salt the streets????
I knew it was something like this happening.

Our taxes skyrocketed in the 32nd ward!! What did we get in return? NOTHING but DALEY Asking for more money. What a crook.

Chicago, IL

#95 Jan 23, 2009
State Rep. John fritchey is a case study in the way the Chicago Machine works, yes the same machine Patrick Fitzgerald talks about all the time. Read the Tribune Neighborhoods for Sale investigation series and learn about State rep. john Fritchey. State Representative John fritchey is a zoning change lawyer. State Representative John fritchey is the nephew-in-law of City Council Zoning Chairman Bill Banks. John fritchey recently deposited $200,000 in Belmont Bank & Trust, telling the press they had the highest rate. Find out who is on the board of directors.

State Representative John fritchey does not want you to know he is a corrupt zoning change lawyer and political operative. Google Fritchey, Castle and learn how Fritchey-Banks forced a zoning change that bulldozed a Chicago neighborhood.

And remember, State Representative John Fritchey tried to force a Lincoln Park zoning change last fall without community input, as cited in the Chicago Reader on 12/13/07. He bypassed this step, filing directly with the city a request to change the zoning of a lot on the 1400 block of West Lill. When Alderman Scott Waguespack found out, he had to call Banks, State Representative John Fritcheys uncle-in-law, to ask him to hold the request until it could be brought before a neighborhood group. Fritchey dismisses the matter as an oversight.

Learn the truth about "State Representative John Fritchey"

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