Springfield big-wheel and gambling tycoon William F. Cellini is in the news again, as our new State Treasurer, the north side's own Alexi Giannoulias, scrapples to recover the heavily-subsidized President Abraham Lincoln Hotel and Conference Center in Springfield.
Sweetheart Springfield hotel deal over?
Clout-heavy investors haven't paid state in 5 years
BY DAVE MCKINNEY Sun-Times Springfield Bureau Chief, January 16, 2008
SPRINGFIELD -- A Sangamon County judge has ordered the foreclosure of a Springfield hotel built by a consortium of investors that included GOP powerbroker William Cellini.
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State ready to close books on debt-plagued hotel
By David Mendell Tribune, January 16, 2008
The state edged closer to ending a long-running dispute that has cost taxpayers nearly $30 million when a judge Tuesday allowed it to begin foreclosing on a Springfield hotel.
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Cellini is "Individual A" in the "Operation Board Games" indictments.
But Rogers Parkers may be less aware of the reach of Cellini's empire of taxpayer-subsidized new construction projects in our own 'hood. The 172-unit, 11-story Morningside Court senior apartments, 1250 W Morse, on the north side of Morse east of the EL and west of Sheridan, is a Cellini project through his New Frontier Management Corp. The project was funded in 1982 by a federal HUD subsidy under an agreement which extends through 2012.
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Cellini federal prosecutors describe as "Co-schemer A.
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