Why Does Mayor Lovero Want to Subsidize a Company That's Closed $1B in Sales in the Last 9 Years?
At Tuesday’s (9/27/22) City Council meeting at 8pm at City Hall, City Council will vote on a TIF-funded Pay-As-You-Go Redevelopment Agreement with Realty of Chicago for its second location in Berwyn at 6505-11 Cermak. If the measure passes, Realty of Chicago would be subsidized in the amount of $449,499.
Additional Data on ROC's Wealth and Political Connections to Mayor Lovero
City of Berwyn Treasurer Robert Reyes is also the Vice President and founding member of Realty of Chicago. Reyes is part of Mayor Lovero’s political party, Democratic Citizens of Berwyn, and won his seat as Treasurer in an uncontested race in 2021.