The historic, now boarded-up building that once housed the Chicago Defender newspaper is in foreclosure, and, as a result of that, five of the city’s struggling pension funds could end up losing $1 million.
A failed plan to rehabilitate the Art Deco/Moderne building was one of the deals put together by former Mayor Richard M. Daley’s nephew, Robert G. Vanecko, and his politically connected partner, Allison S. Davis, in a start-up real estate investment company that five city pension funds hired in 2006 to manage $68 million in retirement money for teachers, police officers, CTA employees and other city workers.
Jail would be too good for these leeches. If we could demolish the Defender building with these jagoffs inside it, well now you've got our attention.