Dec 9, 2013
The City of Chicago decided to buy the former site of the Michael Reese hospital in 2009 from the Mills family, ostensibly to use for the 2016 Olympics. But the city didn’t get the Olympics. Now, Chicago owes the super-rich Mills family more than 111 million dollars for the closed hospital – which the Mills family got for only 19 million dollars!
The Millses are pitching in a few million to help pay for demolishing the hospital. But this family, who “happen to be” closely tied to Chicago Mayor Rahm Emanuel, are walking away with a whopping 584% profit at Chicagoans expense.