Morton Grove Melodrama – Episode 2 Real Estate involves dirt


Well, dear readers, when we left our story last week we found that the village attorney ordered a Phase One EPA study to be done on the old Pequod’s property… and that they canceled the agreement with Peqoud’s on the grounds that they did not want to be liable for cleaning up the property.

As logical as that sounds, the village did not do it’s due diligence in making that final decision.

We also found that Chaser’s, a bar from Niles was making political contributions and the talk around town was that the village and Chaser’s were negotiating a deal to for the site where Pequod’s was planning to build.

As we join our story this week we wonder why the Village never tried to buy the old Maxwell/Studio property when it first went up at foreclosure sale!

Why did it wait to buy from Ted Mavarkis after he bought it in foreclosure? It gave him a hefty profit of hundreds of thousands of dollars and he got to keep one third of the original site, thus making any redevelopment limited, at best.

Why oh why?

Could it have anything to do with the fact that Ted Mavrakis, the owner of the Giordano’s property is a political donor?Oct 2015 001
(See this link  Dempster Ozark Corporation $360.00; Giordano’s $510.90; Ted Mavrakis is the Principal of both these business entities.)
One would think that an “investment” in a local politician that resulted in over 1/2 Million dollars in profit was a pretty good “bang for your buck”.

Business wealth
Adding insult to injury, why didn’t the village do an EPA Phase One Study on the Maxwell/Studio property before paying and taking ownership of it?

They made the environment an issue with the Peqoud’s deal. Who dropped the ball on this, and more to the point, was the ball dropped intentionally?

Were they willfully ignorant, only finding out the property was environmentally contaminated when the owners of Moretti’s had  a Phase One Study so they could secure financing?
000000morettis
Why was the deal structured so that Moretti’s could walk away with a prime piece of Dempster street real estate at net zero cost? 
 
Why do an EPA study on one property and not the other?  Was the Phase One EPA Study waved? If it was, who made the decision to do so?

Isn’t it the responsibility of the village attorney to protect the interest of the residents by making certain that all of the legalities are accounted for?

(The Village bought the Domicile property eleven years ago the same way on Ferris and Capulina that has environmental issues and will cost hundreds of thousands to cleanup.)

Is there a pattern here? Was it incompetence or ignorance or malfeasance… or was there some other reason?A P foxes in the hen house

The answer here will go to the grave with the powers that let that happen, unless there is an investigation to uncover the truth.

Why has the Village gone to such great lengths to renegotiate the TIF agreement to keep the Morretti’s deal alive, sweetening the deal with more TIF dollars and paying for the EPA cleanup?

Why?

The Morton Grove News has a theory.

Since Moretti”s is another political donor and there is an election coming up, Dan DiMaria, Terry Liston  & Bill Grear have to do make it look like they have done something besides catering to, and taking money from big political donors.

…regardless of how much it cost the people of Morton Grove.

Until shown otherwise, our theory is that the Village bottle-fed the Moretti’s deal as a reward for another big political donor. As the old Illinois politician Everett M. Dirkson once said; ” a million here and a million there… and pretty soon you’re talking about some real money.”

And so, dear reader, tune in next week when we will explore if our villain, Dubious Dan has made any more backroom deals,   000000crayon-up-noseif Babbling Billy, amuses his collegues by stuffing crayons up his nose, and if their trusty counselor,  Ophelia Ordinance finally realizes that her assessment might be hanging out

… and we ask the question who is Raj Fernando?

000000raj_fernando

Save

Save

Save

Save

Save

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s