Mercy Hospital has always had a special place in the heart of the Daley family. Richard J and wife Eleanor fundraised for the hospital in the 60’s and all the Daley children were born there. In a city where patronage is king, should it be any surprise that current Mayor Daley created a special financing district for Mercy when they fell on tough times? The Chicago Sun Times is reporting that when Mercy Hospital faced bankruptcy four years ago, Mayor Daley created a tax-increment financing district around the hospital that would benefit Mercy to the tune of $60 million. The hospital sold a chunk of land to developers who planned to build pricey condos in the area. The property taxes from the condo owners would go back into the hospital. more ›