Reply #57: Obama helped Rezko get funding for $140 million in city tax subsidies

[Tellurian]

The original investors in Tony Rezko's big South Loop deal

September 13, 2007

Orlando Jones was among investors in a Tony Rezko real estate venture in 2003, records show. Rezko wanted to develop 62 acres of prime land at Roosevelt and Clark -- for which his company, Rezmar Corp., sought $140 million in city tax subsidies.

The deal stalled when Mayor Daley's administration accused Rezko of minority-owned-business fraud. But most investors apparently recouped their money after Rezko sold the site in late 2005.

Here is a previously undisclosed list of the investment groups for the project (in most cases, City Hall couldn't find records identifying the groups' investors):

http://www.suntimes.com/news/watchdogs/555291,CST-NWS-watchlist13.article