Capitol Fax.com - Your Illinois News Radar » Read this if you haven’t already
SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Read this if you haven’t already

Tuesday, Sep 10, 2019

* I’m coming a little late to this story

The Rev. Leon Finney Jr. spent the last half-century building a real estate empire on Chicago’s South Side while amassing political power and hobnobbing with politicians like Barack Obama, Rahm Emanuel, Richard M. Daley and Toni Preckwinkle.

Now in his twilight years, Finney’s fiefdom teeters on the brink of collapse.

Once revered for his community work, Finney, 81, stands accused of fraud, self-dealing and mismanagement after his nonprofit, the Woodlawn Community Development Corporation, filed for bankruptcy in October and the curtains were pulled back on its finances.

Finney has been ousted at the organization he helped create. And, in a rare step, a federal judge appointed a trustee in April to take control of Woodlawn, a move the nonprofit fought. Piece by piece, its real estate holdings are being sold off.

After the bankruptcy came more financial blows. Woodlawn’s main source of revenue — lucrative contracts to manage more than 4,300 apartments for the Chicago Housing Authority, bringing in about $170,000 a month in management fees — was canceled in June after the CHA accused Woodlawn of mismanagement resulting in nearly $400,000 in damages.

Go read the rest. Classic Chicago.

* Related…

* Parishioners stand with Rev. Leon Finney amid fraud allegations: ‘His heart’s in the right place’ - Days after a judge’s stinging rebuke of the longtime Chicago powerbroker was reported by the Sun-Times, Finney forcibly removed a reporter from Sunday service at his church

* Lori Lightfoot orders review of Rev. Leon Finney Jr.’s ‘significant portfolio’ of CHA buildings: The mayor called the South Side minister ‘an iconic person’ who has ‘done good work over the course of his life’ and said his downfall is ‘clearly disappointing.’

- Posted by Rich Miller        

6 Comments »
  1. - 32nd warder - Tuesday, Sep 10, 19 @ 1:04 pm:

    didn’t the entire tollway leadership team just come from CHA? Will the Mayor’s review involve a review of their conduct at their previous job?


  2. - Steve - Tuesday, Sep 10, 19 @ 1:20 pm:

    A true Chicago story.


  3. - Southwest Sider - Tuesday, Sep 10, 19 @ 1:25 pm:

    I have witnessed a real estate deal spearheaded by him that was corrupt.


  4. - Don Ames - Tuesday, Sep 10, 19 @ 2:52 pm:

    I know this thread is about Finney, but 32nd Warder brought up a good point regarding the leadership team at the CHA now running the Tollway. The Daily Herald mentioned the huge salary increases given by Executive Director Jose Alvarez to his CHA pals. I thought the Tollway bond rating was recently downgraded and that the Tollway had budget issues, yet they added almost $512,000 of additional salary expense? Something is not right here?


  5. - Lurker - Tuesday, Sep 10, 19 @ 6:29 pm:

    Shockeed I say..Shocked


  6. - Da Big Bad Wolf - Wednesday, Sep 11, 19 @ 7:16 am:

    ==In the 1980s, Finney was on the Chicago Housing Authority’s board. When the agency began tearing down high-rises and subcontracting out its services in the 2000s, his nonprofits were some of the first to be given those contracts.=

    That is a conflict of interest right there. Our laws allow someone on the board to employ companies he controls? That can’t be right.


TrackBack URI

This is not Facebook, so uncivil comments, profanity of any kind, rumors and anonymous commenters will not be tolerated and will likely result in banishment.



* Reader comments closed for the weekend
* More post-Mapes cleanup by Madigan
* "80 percent of success is just showing up"
* SUBSCRIBERS ONLY - Fundraiser list
* Madigan creates 20-member gun violence task force
* Looking on the bright side
* *** UPDATED x1 *** SUBSCRIBERS ONLY - Another update to today's edition
* Seeing what they want to see
* Question of the day
* It comes down to trust
* Simple solutions are usually neither
* Pritzker wants "actionable scenario" from agencies on potential cuts, other reductions
* SUBSCRIBERS ONLY - Update to today's edition
* In super-rare move, two aldermen sponsored tax break resolutions worth millions for Burke's clients
* SUBSCRIBERS ONLY - Supplement to today's edition
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* *** LIVE COVERAGE ***
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............


Loading


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0
WordPress




Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller