For years, James J. Banks, a nephew of Chicago's powerful Ald. William Banks (36th), has been the attorney of choice for developers who need the city's OK to knock down homes and small businesses and replace them with three- and four-story condo buildings.Some people really make money off of zoning connections.
Now, he's their money man of choice, too, financing projects through his 2-year-old bank.
Tuesday, October 14, 2008
The Chicago Way: Bank of Chicago alderman's nephew lends millions to his wife, other relatives and his legal clients
The Chicago Sun-Times reports on The Chicago Way: