May
17

Mayor to Get Back his Chicago Real Estate

May 17, 2011

Everything seems to be falling into place for Rahm Emanuel.

On Monday, he was sworn in as the 46th mayor of Chicago.

And soon, Emanuel will be able to live in the Chicago real estate that he actually owns.

Rahm's house with great built-ins

Mayor Emanuel will soon get to live in his Chicago home.

I’m sure you remember the saga. When Emanuel was appointed as President Barack Obama’s White House chief of staff and moved to Washington, he rented out his Ravenswood home to real estate developer Rob Halpin and his family.

When Mayor Richard M. Daley announced that he was retiring, Emanuel asked Halpin to move out so that he could return to Chicago to run for the position of mayor.

Halpin refused, which not only left Emanuel homeless in his hometown, it stirred up a controversy over whether or not Emanuel is a Chicago resident and able to run for mayor in the first place.

To add flames to the fire, Halpin actually announced for a spell that he was going to run for mayor.

Whatever. It’s all over now. Halpin dropped out of the race, Emanuel won the right from the Illinois Supreme Court to run for mayor and is, in fact, now Mayor Emanuel.

And Halpin? Well, his lease is up at the end of June, and he’s moving out of there.

So, Mayor Emanuel will finally be getting his house back.

Until then, it’s business as usual. And, a lot of it.

On his first full day in office, Chicago’s new mayor is cutting $75 million from Mayor Daley’s final budget.

Here’s the breakdown on where the cuts will come:

*Implement real estate and energy reductions: $5 million

*Cut senior management payrolls by 10 percent: $5.5 million

*Reduce outside legal counsel expenses: $3 million

*Merge overlapping functions across departments: $3.5 million

*Freeze all non-essential contract spending: $17.5 million

*Rationalize and reduce vehicle programs: $1.5 million

*Return 60 injured laborers to work in less demanding roles: $0.5 million

*Parking enforcement and traffic control coordination: $2.3 million

*Improve grants management: $31.2 million

*Better coordination between construction projects and street repairs: $5 million

For more information on each of those cuts, visit cityofchicago.org.

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