“I don’t think this would happen anywhere else in the world. If they use eminent domain in that way, it would mean they could choose any building in the city and just say, ‘We can take that property and pay what we want to pay,’ ” said Martin Mulryan, Davies’ project manager.
Just another day in the Windy City, that twisting vortex of corruption smack dab in the middle of America’s heartland.
You know, our president is “from” Chicago.
(From Chicago Now)
While the U.S. Postal Service sold the building to investor Bill Davies in 2009, the 2.7 million-square-foot property has been left vacant since the mid-1990s. Since then, many ambitious plans for the building have come and gone. Most recently, Crain’s Chicago Business reported Davies was planning to finance redevelopment of office, residential and retail space in the massive building, which serves as the western gateway to the Loop.
The Fifth Amendment allows governments to seize private property for “public use” through a process called eminent domain. But Chicago city officials clearly have no interest in building a necessary road or government building. Instead, city government will be serving as a middle man – taking the property from Davies and transferring it to a developer it deems more suitable.
That developer would then essentially pay City Hall for its muscle in the deal, as city officials clarified that the chosen developer would be on the hook for any costs related to the seizure of the property.