Fewkes Tower: CTU's Nest Egg $62 million Gone
Built in 1965 by CTU as a retirement residence for teachers.
Financed via a $3.4 million loan from FHA for 40 years @ 5.25%
Generated $1.35 million/year in revenue after expenses 2011, . . .
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Chicago Teachers Union Officers Make a Bad Loan Deal
The CTU 501(c)5 and the CTU Foundation 501(c)4; two tax-exempt entities with fully overlapping boards of directors have locked in members with a $5 million loan to repay over the next 30 years.
. . .
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Where does it all go? Chicago Teachers Union Spending
I created a CTU Concept Map to help me understand the various related entities of our union. I will explain what I know about each in the coming days.
. . .
| Article |
Fewkes Tower: CTU's Nest Egg $62 million Gone
Built in 1965 by CTU as a retirement residence for teachers.
Financed via a $3.4 million loan from FHA for 40 years @ 5.25%
Generated $1.35 million/year in revenue . . .
| Article |
Chicago Teachers Union Officers Make a Bad Loan Deal
The CTU 501(c)5 and the CTU Foundation 501(c)4; two tax-exempt entities with fully overlapping boards of directors have locked in members with a $5 million loan to repay over the next 30 years.
. . .
| Article |