Tuesday, November 14, 2006

Gutierrez' Rezko Real Estate

Tony Rezko, what a generous guy. The thing is, the biggest beneficiaries of his generosity are Democrat politicians. Now Luis Gutierrez surfaces in another questionable real estate deal. Sun Times:
Rep. Luis Gutierrez got a deal on a riverfront town house built by Antoin "Tony" Rezko, a developer and prominent political fund-raiser now under indictment for an alleged kickback scheme involving state pension funds.

Gutierrez paid $434,900 three years ago for the town house along the Chicago River just north of Diversey. That's far less than his neighbors paid for any of the other riverfront town houses in the development, records show.

Gutierrez no longer lives there. In March, he sold the town house for $610,000 -- a 40 percent profit.
Will Luis join the Dogpatch Democrats in giving his $19,000 campaign donation from Rezko to charity? Not to mention his little windfall profit.

No comments: