Tumblr Icon RSS Icon

The Pictures of Corruption: How Hastert Used Tax Dollars to Turn a $1.5 Million Profit

Posted on  

"The Pictures of Corruption: How Hastert Used Tax Dollars to Turn a $1.5 Million Profit"

Share:

google plus icon

Here’s a graphic timeline explaining how House Speaker Dennis Hastert (R-IL) used a federal earmark to turn a $1.5 million profit:

August 2002: “Hastert and his wife bought a 195-acre farm in Plano in 2002, of which 69.5 acres had no access to roads.” The parcel is located in Hastert’s congressional district (IL-14).

February 2004: Hastert and two partners purchase another 69 acres adjacent to the original property. Here’s a picture of the two parcels, outlined in yellow:

August 2005: Hastert secures $207 million in federal dollars to build the “Prairie Parkway” through his district. The Chicago Tribune describes it as a “pet project” of Hastert’s that will “cut through valuable farmland and increase suburban sprawl.” President Bush comes to IL-14 to sign the bill. Here’s a picture:

Here’s an overlay of Hastert’s property and the new highway, shown in green. The highway is just 5.5 miles away:

The “Prairie Parkway” transforms the Hastert property from an isolated parcel to one with convenient access to major cities.

December 2005: Hastert sells property to the Robert Arthur Land Company, who plans to builds 1500 homes on the property. Hastert earns at least $1.5 million in profit. His two partners makes another 1.5 million.

May 2006: The Kendall County Board votes “in favor of putting an interchange on Galena Road, giving residents of the new development easy access to the highway.”

TODAY: Hastert’s spokesman claims, “None of the properties purchased by the speaker are near enough to the Prairie Parkway to be affected by the proposed highway.”

More at the Sunlight Foundation.

UPDATE: Using Google Earth a commenter at the Sunlight Foundation concludes that the distance between the entrance to the highway and the Hastert development is 2.6 miles. (Hastert’s spokesman says it’s 5.5 miles.)

« »

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.