Thursday, April 28, 2005

Chicago Tribune | Poor seniors take on plans of condo giant
Mystery Reader sends along this link to an unusual twist on the familiar situation of tenant displacement due to condo conversion:

Dozens of immigrants from the former Soviet Union are getting a first-hand lesson in capitalism and market value as one of the biggest players in the Chicago real estate market gets a crash course in dealing with people who need government aid to find a place to live. More than two dozen elderly residents of Ontario Place, mostly Russians who immigrated to the U.S. a quarter century ago and have lived at the prime address since with the help of housing vouchers, picketed the building Tuesday to protest a deal that could send them packing. "This is our home," Leona Gaysinsky, a resident, said. "We know no other place. This is our community."Ontario Place, like many other downtown buildings, is going condo. American Invsco, the new owner of Ontario Place at 10 E. Ontario St., says it has done everything it can to help the residents find new housing nearby, but it now fights accusations by senior-rights groups that it is a Goliath throwing the elderly out into the street.

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