Time and time again we touch base on Clow Airport. The management company, DePaulo, claims they are profiting. The financials state the opposite. Numbers get twisted to include, not include depreciation and other things so that the average person cannot understand. Bottom line, what they take in does not cover what they spend per month.
So why would we leave the management company in there since 2004? That is 7 years to turn a profit and stop asking residents to take out more bonds to cover expenses and re-building. The answer is simple.
A management company/ owner/ employee of the residents pays the Mayor money every year to his campaign war chest. In turn, he gets to keep spending and losing our money.
According to the recent updates on the IL Campaign disclosure web sites, Joseph De Paulo donated ANOTHER $500 on April 28, 2011.
I guess the residents don't care that this management company has run the airport into the ground and allows Joseph to keep his high paying job as long as he continues to donate to the Mayor.
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