B12 Solipsism

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The Daley Legacy Is Corruption

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Everything Must Go

Not to say that Mayor Daley did nothing positive for the City of Chicago, because he did some good things too, but at best his legacy is mixed. Too many examples of greed and corruption, like:

For years, City Hall maintained that Mayor Richard M. Daley’s son, Patrick Daley, had no financial stake in the deal that brought wireless Internet service to city-owned O’Hare Airport and Midway Airport.

But it turns out that the younger Daley still reaped a windfall of $708,999 when Concourse Communications was sold in 2006, less than a year after the Chicago company signed the multimillion-dollar Wi-Fi contract with his father’s administration, company documents obtained by the Chicago Sun-Times show.

Concourse disclosed its investors to the city, as required. Patrick Daley wasn’t one of them.

But he still had a stake in Concourse’s success, the company documents show, and profited as a result when the company was sold after winning the city contract.

Daley’s role was as a middleman who lined up investors for Concourse. Among them: M. Blair Hull, the millionaire commodities trader who mounted an unsuccessful campaign for the Democratic Party’s nomination for U.S. Senate in 2004.

On June 27, 2006, nine months after it signed the potentially lucrative city contract for airport Wi-Fi service in Chicago, Concourse was sold — at a 33 percent profit — to Boingo Wireless Inc. for $45 million.

Three days later, Patrick Daley got his first payment as a result of the sale, the documents show — for $164,789.

Over the next 17 months, with Daley now serving in the U.S. Army, he got four more payments resulting from the sale, totaling $544,210, the documents show, for a total of $708,999.

Shortly after Patrick Daley received the last of those payments, his father’s City Hall press secretary, Jacquelyn Heard, told a Sun-Times reporter in a Dec. 3, 2007, interview, that Patrick Daley “has no financial interest with the Wi-Fi contract at O’Hare.”

(click here to continue reading Former Mayor Daley’s son profited after airport Wi-Fi deal – Chicago Sun-Times.)

So next time you read a hagiography of Mayor Daley, remember this aspect too.

Written by Seth Anderson

June 6th, 2011 at 9:49 am

Posted in Chicago-esque,politics

Tagged with , ,

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