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Jarrett Towers
Senior White House adviser and long-time Obama confidant Valerie Jarrett’s role in a number of controversial Chicago housing developments has garnered her investments worth millions of dollars while highlighting the administration’s extensive business ties to presidential donors.
Before joining the Obama administration in 2009, Jarrett was president and chief executive officer of the Habitat Company, a real estate development firm founded by major Democratic donor Daniel Levin. Before that, she served three years as commissioner of the Chicago Department of Planning and Development under Mayor Richard Daley.
Jarrett currently owns an 11-percent equity interest in Kingsbury Plaza, a 46-story luxury apartment complex developed by Habitat between 2005 and 2007 at a cost of more than $100 million.
She valued the investment at between $1 million and $5 million on her 2011 financial disclosure form, up from $250,001 in 2010. A Jarrett spokesmantold the Washington Times that the investment was “a direct result of her 13 years working for Habitat.”
Cook County records show the Kingsbury property is worth around $27.2 million, but thanks to a series of legal appeals beginning in 2003, the land and building are assessed at a much lower value for tax purposes. Since 2008, the property has been designated a “special commercial structure” and is taxed at a value of just $6.8 million, or 25 percent of the actual value.
Asked how such a property could enjoy such a low taxable value, an official with the Cook County Assessor’s Office told the Free Beacon that the property’s owners “must have good attorneys.”
Tracy
August 22nd, 2012
HOW MUCH…
- Whitehouse say does Valerie Jarrett have?
- did Valerie Jarrett pay in taxes?
It pays to have friends in high places.
NObama2012!
Noodengr
August 22nd, 2012
wait someone thinks that Chicago / corruption/ and barry’s whitehouse is news? just par for the course. maybe post something that tells about something that is not corrupt with all 3 ? but that would be a very long wait.
parker
August 22nd, 2012
Previously worked for the most corrupt city, was fired for being too corrupt for Mayor “Short Shanks”. She also keeper of Pres.”Bum Chum” balls. They are kept in a Crown Royal sack. This explains why he whistles when speaking.
Chip Kale
August 22nd, 2012
Business as usual for these dirtballs.
Buffalobob
August 22nd, 2012
Chicago politics at its finest.
Hawaiian
August 22nd, 2012
Valerie Jarrett always has been a lying sleazebag slum lord:
http://www.boston.com/news/nation/articles/2008/06/27/grim_proving_ground_for_obamas_housing_policy/
Hotlanta Mike
August 22nd, 2012
You didn’t believe all that PAY YOUR FAIR SHARE nonsense did you?
Twellsy
August 22nd, 2012
I’ve posted here before that val (thats what moose calls her) should not be allowed inside the beltway, simply for this reason. She’s got the obamamama touch: everything this crew fingers turns to shit. Real fast.
stuck in Ill'nNoise
August 23rd, 2012
That little rat was born in Iran.