Troutman, Rezko, Troutman real Estate deals


Like Cook County can afford 7 Million
"The record strongly suggests that the special prosecutors' investigation and resultant report, which cost the taxpayers of Cook County $7 million, were driven, at least in part, by pro-law-enforcement bias and conflict of interest, were riddled with omissions, inconsistencies, half-truths and misrepresentations, and reflect shoddy investigation and questionable prosecutorial tactics and strategies," the report concludes.

Arenda Troutman, and her mother are living in low income residences,hmm, I thought Alderman made close to 6 figures? Arenda Troutman has been voted out of the 20th Ward as alderman, for many good reasons, and more keep surfacing.
Bad real estate deals
A dozen years ago, Ald. Arenda Troutman's father owned a nine-unit apartment building that was surrounded by seven other decrepit buildings on Chicago's South Side.
The Woodlawn Preservation and Investment Corp. -- a powerful not-for-profit community development group, known as WPIC and led by Bishop Arthur Brazier -- wanted to take over and redevelop all of the buildings as apartments for low-income tenants.
Indicted Ald. Arenda Troutman (20th) supported Rezko deals.
The late Benjamin Troutman, father of Ald. Arenda Troutman (20th), got a state loan to rehabilitate 10 apartments in this building — but the building has just nine apartments.
And he got to keep it.
Brazier and Rezko got a city loan to fix up their seven buildings.
Troutman wasn't eligible for a city loan, state records show, because his daughter was an alderman. So, with the help of another Brazier not-for-profit group -- the Fund for Community Redevelopment and Revitalization -- Troutman's father got a $500,000 loan from the state to fix up his building.

Troutman was indicted earlier this year on charges that, in exchange for her support for a proposed development, she took $5,000 in cash from someone she thought was a developer. It turned out to be an undercover agent, according to the FBI.
Troutman has received more than $20,000 in campaign contributions from Rezko, his family, his businesses and business associates, records show.
Troutman's father died soon after his building was fixed up. His wife, Iris Whitmal Troutman, and son Phillip now manage the building at 1025 E. 62nd St.
The Benjamin Troutman Apartments have been cited by state inspectors for a series of minor problems, records show. An inspector also noted a more-basic problem: The building has just nine apartments. Troutman's father told the state it would have 10, but no one ever got a zoning variance to put an apartment in the basement, state records show.
An inspector also found another possible problem: The alderman's mother apparently was living for a time in one of the low-income apartments.
"Mrs. Troutman appears to be living in one of the units,'' according to the state inspector's April 9, 1999, report. "I didn't notice a lease with her name on it.''

6 Comments:

  1. SP Biloxi said...
    So, Troutman got her daddy a 500 k loan on a apartment and the city wasted 7 million dollars of taxpayer's dollar and yet the city is up for a bid for the Olympics? Amazing.. All of that wasted money could have been useful for the city and jobs.

    And it is a matter of time of Troutman to end up in the pokey along with Urkel, Daddy Urkel, and others. What a bunch of crooks!
    Third Generation Chicago Native said...
    Well Daddy Urkel is way too sick, I am sure. I am glad to see that the 20th Ward voted responsibly and got her out. I am anxious to see what all these new alderman are going to do. A lot of new ones replaced long term incumbants and a lot of them are close to me, I am looking forward to seeing some good things done, since I am out in those Wards a lot.
    SP Biloxi said...
    "Well Daddy Urkel is way too sick, I am sure."

    If he committed a crime, sick or not, justice should be served to Papa Urkel. The gropinator executed an inmate on death row last year despite the man was deathly ill and despite pleads from the inmate's family. A crime is a crime. I might sound cold but if you do the crime then you do the time.

    I know you are looking forward to new and decent aldermans.
    Levois said...
    The new city council will have a new character, hopefully.
    KittyBowTie1 said...
    Community redevelopment does not have to be so corrupt.

    What pigs.
    SP Biloxi said...
    "Community redevelopment does not have to be so corrupt."

    Sounds like some of the city officials in Chicago are no different from a slumlord.

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