"One other thing: There is a dark side to development. Some developers obtained financing yet never moved ahead on projects, leaving vacant, dilapidated buildings in their wake. Some new construction increases density yet doesn't include adequate parking, even though parking is already a huge problem in Rogers Park. Destruction of architectural treasures such as the Adelphi Theater to make way for more cookie-cutter condo buildings makes no sense. (And by the way, the Adelphi site is vacant over a year after demolition.)" Read more here.
"Kakvand bought 33 apartment buildings in Rogers Park and on Chicago's South Side between 1997 and 2004, but didn't renovate them. Units were sold as rehabbed condos at inflated prices, using straw buyers who defaulted on $29 million in loans. The plot displaced renters, and left decaying buildings prone to squatters, drug dealers, fire and water damage".
"Also charged were Syed Ali Mohammed Razvi, a fugitive, and real estate appraisers Thomas M. Groh, Eric L. Dorsey and Britt J. Pierre, who earlier pled guilty".
"Haggerty said Kakvand's continuing legacy is the reduction in the amount of affordable rental housing in Rogers Park, and the artificial inflation of area home prices".
"Rogers Park was always one of the most affordable communities," Haggerty said. "I don't think it is anymore."
"A man dubbed the “Second Hand Bandit” by the FBI is being sought for robbing as many as 21 banks in or around Chicago.
The robberies started in December 2004, and the man believed to be responsible wears vintage clothing while brandishing a handgun and announcing a robbery to bank employees, according to a release from the FBI Friday.
The man has also robbed the a First Commercial Bank branch at 6945 N. Clark St. and a Shore Bank branch at 7555 N. California Ave". Read more here.