Why Did Obama Pay Rezko an Extra $64,000 For That Strip of Land?The above query was posted today at The Campaign Spot. I look at it the other way.
But will he return the land that he bought from Rezko?
I can hear it now. "But Jim, this isn't a donation from Rezko to Obama," because the senator bought the land for a lot more than it was worth — "an appraiser valued the slice of land Rezko sold at $40,500, Obama decided it would be fair to pay Rezko substantially more: one sixth of his original purchase price, or $104,000."Precisely. Rezko "widely known to be under federal investigation at the time." Paying substantially more than the land was appraised creates the appearance of a $64,000 payment to a person who, if found guilty, could discuss his longtime association and business dealings with a U.S. senator with federal law enforcement.
Why did Rezko overpay $382,000 for a sixth-acre lot he did not intend to build on or hold as an investment? And why did Rezko agree to sell off 1250 square feet of the lot to Obama, which essentially made the lot worthless. The resulting seventh-acre corner lot is dimensioned such that no home can be built on it.
Who is paying the mortgage on the Rezko property? Why hasn't it fallen into foreclosure now that Mr. Rezko is not working?
We've got the quid, does Mr. Fitzgerald have the pro quo?
UPDATE: Go to Google Maps and check out the street view for 5046 S. Greenwood Ave., Kenwood , Illinois. Geezoman!