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Chicago taxpayers are the hook for over $1.8M
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Topic: Chicago taxpayers are the hook for over $1.8M (Read 122 times)
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rangerrebew
TBR Contributor
Posts: 185,835
Chicago taxpayers are the hook for over $1.8M
«
on:
May 05, 2025, 05:32:37 am »
Chicago taxpayers are the hook for over $1.8M
What do you do if your city promises to pay you, but fails to do so? That’s precisely what happened to the owners of a vacant lot in Brighton Park, a neighborhood in Chicago.
NBC 5 reports that Barnacres Corporation filed a lawsuit against the City of Chicago in 2024 for a breach of contract. The city allegedly failed to pay monthly lease payments to use the land it had intended to place thousands of migrants in winterized tents.
The lawsuit settlement was finalized in early April this year at a significant cost to Chicago taxpayers. So what happened, and how much are taxpayers on the hook for?
How much did the City of Chicago pay Barnacres Corporation?
Including the $816,506.67 settlement and the nearly $1 million already spent getting the land ready to house migrants, the City of Chicago will pay over $1.8 million — all set to come from taxpayer dollars. The original lease was for the City of Chicago to rent the vacant lot for $91,400 per month.
https://www.msn.com/en-us/news/us/chicago-taxpayers-to-shoulder-1-8-million-after-settling-lawsuit-over-controversial-plans-to-house-2-000-migrants-on-vacant-lot-what-happened-and-why-there-s-nothing-to-show-for-the-effort/ar-AA1EarE1?ocid=widgetonlockscreen&cvid=44e19839c7e543249bcfb958fdb4b90b&ei=73
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Chicago taxpayers are the hook for over $1.8M