Company With Ties to Aurora Mayor, High-Level Employee Eyeing City-Owned Property

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RGV Investments, a company with ties to Mayor Richard Irvin, is interested in developing three city-owned properties in west suburban Aurora, pitching a mixed-use commercial and residential redevelopment of a former gym at 62 S. Broadway and more.

when the Aurora City Council approved an $8,124 grant to the business center, on top of $75,000 it received last year.

Two of Karumuri’s other partners in the Aurora Business Center are Ranapratap Chegu and Gyanchander Gongireddy, who run a consulting company in suburban Washington, D.C. They were also previously involved in a consulting business uncovered by the Tribune that Irvin quietly started in 2020 along with Aurora Chief Information Officer Michael Pegues — Leela Karumuri’s boss, and a lifelong friend of Irvin’s he’s called his stepbrother.

In a letter to the city late last year, the firm pitched a mixed-use commercial and residential redevelopment of a former gym at 62 S. Broadway. City staff also had a meeting scheduled with company representatives this spring to discuss a letter of intent related to that building as well as buildings at 13 and 15-17 S. Broadway.In response to a public records request asking for that correspondence, the city of Aurora said there were not any responsive documents.

RGV Investments directed a request for comment to the mayor’s office. The city didn’t comment any further on the potential deal for the city-owned properties, including on the financial terms. Any sale or development agreement would require city council approval, which would make the details public.

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