The Dodgers beat the Cubs yesterday off a bunch of homers, including one by the electrifying Cuban, Yasiel Puig.
The Cubs still won big time.
With a big tax break from the City.
Like their north side neighbor, DePaul University, the Cubs have a friend in City Hall.
DePaul is getting a 100 million dollar taxpayer subsidy for a south side basketball arena, announced by the Mayor the week he announced the closing of 50 Chicago schools.
The Mayor is a good friend of DePaul and the Ricketts family. He is a friend that CPS students and teachers don’t have.
The Commission on Chicago Landmarks today approved a Cook County property tax break for the Chicago Cubs that could save the team an estimated $8 million in assessments over a 12-year period as a result of the team’s Wrigley Field renovation project.
Brother Mike reports more on the shady DePaul deal here.
Just in case you thought Rahm’s DePaul Arena land grab was about basketball — it ain’t. Rather it’s nothing less than one of the great taxpayer rip-offs in Chicago history. The deal enriches a web of the mayor’s clouted friends using millions in TIF funds that should have gone to bail out a bankrupt school system. It is the culmination of massive kickbacks and political contributions from investors, bankers, and lakefront property owners to Gov. Quinn, Ald. Burke, Mayors Daley and Emanuel.