April 17


Due diligence, schmue diligence

Gordon Hartman’s minor-league soccer plan, the aim of which is to financially safeguard Morgan’s Wonderland, is looking dodgy. Considering the losses already piling up at the Northeast Side park for special-needs kids, it’s fair to say the developer and philanthropist needed a sturdier financial framework way before now – like maybe closer to 2006, when he dreamed up the destination.

And considering the City’s major stake in the project, it’s also fair to say the City flubbed it by failing to notice such a plan was MIA. It looks like a public-private partnership in which the public deferred too much to the private.

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