CITY SETS TAKEOVER OF VINCE LANE MALL CENTER DEVELOPED BY EX-CHA CHIEF NORTH SPORTS FINAL Edition

He was, to many, the successful businessman who took time out from his thriving real estate operation to singlehandedly ride to the rescue of the Chicago Housing Authority. Lane was showered with praise, and there was even talk of a political career, maybe a run for mayor. But by the time he was ous...

Full description

Saved in:
Bibliographic Details
Published inChicago tribune (1963)
Main Author Gary Washburn Melita Marie Garza, Tribune Staff Writers. Tribune reporters Robert Becker, Laurie Cohen, David Jackson and Andrew Martin contributed to this article
Format Newspaper Article
LanguageEnglish
Published Chicago, Ill Tribune Publishing Company, LLC 14.01.1998
Subjects
Foreclosure
Lane, Vincent
Shopping centers
Chicago Illinois
Online AccessGet full text

Cover

More Information
Summary:He was, to many, the successful businessman who took time out from his thriving real estate operation to singlehandedly ride to the rescue of the Chicago Housing Authority. Lane was showered with praise, and there was even talk of a political career, maybe a run for mayor. But by the time he was ousted from his CHA post in 1995, Lane was under federal investigation, the housing authority was still struggling and his private business empire was riddled with problems. And since then, even though he hasn't faced criminal charges, his woes have grown. And on Tuesday, the city took the first step to foreclose on a mostly vacant South Side shopping center--a blight on the neighborhood, according to local leaders--co-developed by Lane in what one alderman charged was a misconceived, clout-heavy deal from the start.
ISSN:1085-6706