Who Profits from the Chicago Olympics – Obama’s family, friends and campaign contributors, that’s who!
From the American Spectator
For example, as it stands, Obama senior adviser David Axelrod’s firm, AKPD Message and Media, which employs his son, and which owes Axelrod money, is one of the contractors on the Chicago Olympics bid. Senior presidential adviser Valerie Jarrett has been deeply involved in the strategizing for the Olympics bid since before the 2008 election, and until accepting her job in the White House she was a deputy chairwoman of the Chicago Olympics Host Committee. Both have close ties to a number of Chicago 2016 committee members.
Crain’s Chicago Business reported Monday that Jarrett and Chicago 2016 committee president (and recent chief of staff to Mayor Richard Daley) Lori Healey met with officials of the Department of Housing and Urban Development to discuss financing options for construction of the Olympic Village. According the HUD sources, the Obama Administration will seek to use low-income housing grant funding options to help the city build the Olympic Village, and when the Olympics are over, some portions of the village will be used for low-income rental and purchased residences.
Healey and Jarrett’s relationship goes back years to Healey’s times as a senior staffer on the city’s planning and development department in the 1990s, around the same time that Jarrett would have been running one of the city’s largest low-income housing projects. Healey was also vice chair of the Chicago Housing Authority (CHA) Board of Commissioners, which would have overseen Jarrett’s company’s projects.
Another member of the Chicago committee is Martin Nesbitt, who the New York Times last December identified as one of President Obama’s “closest friends,” and whose wife is a close friend to Michelle Obama. Nesbitt, the godfather to one of the Obamas’ daughters, was also the Obama presidential campaign’s treasurer, and is credited with introducing Obama to Penny Pritzker, one of the most influential fundraisers for Democrats in the United States. His ties to Pritzker go back to a time when he worked for Pritzker’s real estate companies, and she later invested in Nesbitt’s airport off-site parking business, the Parking Spot, a company that stands to make millions from the Olympics bid. The Pritzker family, which holds a number of real estate properties in Chicago, also
stands to reap tens of millions from a successful Olympics bid. Nesbitt is also the chairman of the board of commissioners of the Chicago Housing Authority.
Nesbitt did not join the board of Chicago 2016 until March 2009, when he replaced … Valerie Jarrett, who resigned from the board to accept her post in the White House.
Face Fwd Comments:
You didn’t really think it was because Obama had the Olympic spirit did you? Of course not. It is more dirty Chicago style politics. And now you know why he flew to Denmark.