Sunday, July 19, 2020

The Mike Madigan-Juan Ochoa Saga : Sometimes They Were Friends and Sometimes They Weren't


Juan Ochoa's name keeps popping up. He's been on important boards. He's been mentioned in a 2014 Chicago Tribune article on the workings of Mike Madigan's patronage army . Just the other day it was revealed that Ochoa is getting PPP loans. Rahm Emanuel even appointed him to a board. It appears Mike Madigan wanted him on the board of ComEd. But, things weren't always smooth between Madigan and Ochoa according to Crain's Chicago Business in 2011:
Illinois House Speaker Michael Madigan cost taxpayers nearly half-a-billion dollars by blocking repeated efforts to restructure McCormick Place bonds and finance a much-needed second hotel at the convention center, a Crain's investigation finds.

Between 2005 and 2010, Mr. Madigan stopped five refinancing bills, ignoring declining interest rates that would have saved hundreds of millions. At the time, he never explained why, but his reasons seem petty and political: McCormick Place CEO Juan Ochoa, an appointee of then-Gov. Rod Blagojevich, had fired a Madigan ally at the convention center, and lawmakers from both parties say the speaker wanted retribution.

"It was no secret that Madigan had a beef with Ochoa and wanted him gone," says state Rep. Angelo "Skip" Saviano, an Elmwood Park Republican who sponsored refinancing bills in 2005, 2007 and 2009. "As long as Ochoa was there, Madigan wasn't going to give McCormick Place anything."

But politics may not have been Mr. Madigan's only motivation. By holding up refinancing, the speaker also denied McCormick Place the money to build a new hotel. That bought time for clout-heavy developers Gerald Fogelson and Cleveland-based Forest City Enterprises Inc. to push a controversial land swap and hotel deal with McCormick Place on property just north of the convention center. Both were then clients of Mr. Madigan's law firm, Madigan & Getzendanner, but the speaker denies any connection.
The amazing world of Mike Madigan and Juan Ochoa.