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

  • 📰 wttw
  • ⏱ Reading Time:
  • 62 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 520. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines