First things first. Whatever laws were broken they need to be held accountable. No excuses. After that it’s worth wondering why no one else would compete for these properties. The inference is that they made a lot of money by doing this. ie they were generating income well beyond the taxes. Probably not. It’s likely these properties are and were absurdly taxed as is most of the real estate in the southern cook county suburbs. Illegal and unacceptable yes. Logical, also yes.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
First things first. Whatever laws were broken they need to be held accountable. No excuses. After that it’s worth wondering why no one else would compete for these properties. The inference is that they made a lot of money by doing this. ie they were generating income well beyond the taxes. Probably not. It’s likely these properties are and were absurdly taxed as is most of the real estate in the southern cook county suburbs. Illegal and unacceptable yes. Logical, also yes.