From the
Chicago Sun-Times and the Better Government Association:
A deal involving the federal government’s most expensive lease in Chicago produced millions of dollars in profits for a development group that included Penny Pritzker, a top campaign fund-raiser for President Barack Obama who is now his commerce secretary, a Chicago Sun-Times / Better Government Association investigation has found.
The developers also included Jack Higgins, a friend and political backer of former Mayor Richard M. Daley.
Over the 14-year term of the lease, the government will pay $280 million in rent and operating expenses for the Near West Side property, which houses the FBI’s Chicago headquarters.
That’s more than double what it cost to build the complex at 2111 W. Roosevelt Rd., which opened in 2006, records show.
Read the full story here.