Wednesday, June 25, 2014

NAVY PIER LEASES NOT SUBJECT TO FOIA -REMOVED FROM PUBLIC SCRUTINY AND ACCOUNTABILITY 

Since July 1, 2011, 9 Million annual visitors to Navy Pier who patronize the tenants and enjoy the amusement rides are not supporting the Chicago economy. Instead,  100% of the cash from the tenant leases is going directly to former employees of Navy Pier who have a sweetheart deal to manage the facility and pocket the proceeds at taxpayer expense.

These 75 TENANT LEASES produced $43 MILLION PER YEAR IN REVENUE TO MPEA and were improperly transferred to Navy Pier Inc. on July 1, 2011 in exchange for a $1 25-YEAR SOLE SOURCE WIRED DEAL TO ENRICH FORMER PATRONAGE WORKERS AT BOGUS NON-PROFIT 

Tenant Leases transferred to NPI from MPEA
http://ow.ly/yrmND

MPEA Tenant Lease Revenue Jan., 2011 to June, 2011
http://ow.ly/yro58


MPEA Antenna Contracts Jan., 2011 to June, 2011
http://ow.ly/yrnqI

The current leases are not available for FOIA as custodial authority has transferred to Navy Pier Inc., a bogus non profit that has raised ZERO dollars in tax deductible contributions since inception and also enjoys a $5 Million interest free loan from MPEA along with $100 Million of taxpayer assets transferred under the lease agreement!

These same former employees also now control $115 Million in bonds transferred under MPEA's bonding authority that can be spent without taxpayer accountability.

We urge the BGA to compel disclosure of these leases in the FOIA Lawsuit 2014-CH-10364 filed with the Cook County Circuit Court against MPEA and Navy Pier Inc.




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