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According to Chicago area media, the Glen Town Center of north suburban Glenview is now up for sale. The residential/retail property went up on land that was formerly the Naval Air Station Glenview, which closed in 1995.

The village got most of the land for free and sold off parcels. San Diego's OliverMcMillan LLC was the developer. Last year, a Houston company that was a special servicer overseeing the loan filed a $55.6 million foreclosure suit, taking the property back from OliverMcMillan.

It was reported at the time of the suit that OliverMcMillan had not made a loan payment since July of 2009. The development had not generated enough cash flow to cover debt service since 2006, according to Chicago media.

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Comments

Visduh Sept. 8, 2013 @ 9:41 p.m.

I assume that you are drawing parallels with the former NTC, now Liberty Station, land giveaway. McMillan was the prime beneficiary of that fiasco, and has disappointed many local people who believed the promises made about the reuse of the place. At least the San Diego rip-off appears to be financially stable.

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Don Bauder Sept. 9, 2013 @ 6:22 a.m.

Visduh: There are definite parallels. Best, Don Bauder

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ottog1979 Sept. 9, 2013 @ 9:37 a.m.

Nice try but these are different McMillans.

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Don Bauder Sept. 9, 2013 @ 12:24 p.m.

ottog1979: That was not the point. For one thing, the McMillan name is spelled differently from McMillin. I knew that, and I am sure Visduh did.

The point was that in both instances, a military base was turned over to a city for almost nothing, and a developer took over and made a mess of it. In Glenview, the development couldn't service the debt.

In the case of Liberty Station (Corky McMillin), a whole bunch of things went wrong, including the causing of traffic jams, the abominable use of the land....the list goes on and on. Best, Don Bauder

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Ponzi Sept. 8, 2013 @ 11:25 p.m.

Oliver & McMillan. The cocaine. The limos. I remember these guys from the 80's. Did they get tired of being ethical?

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Don Bauder Sept. 9, 2013 @ 6:23 a.m.

Ponzi: Your memory is obviously better than mine. Refreshen mine. Best, Don Bauder

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Ponzi Sept. 9, 2013 @ 11:10 p.m.

Don, it was the 80's. My girlfriend and I ran in the social circles. "Lori" told me of her night in a limo with Oliver visiting his home perched on the side of Mission Valley. They built two of those wood sided homes clinging to the slope of the valley on the south side of Mission Valley. Of course Lori was always getting involved in the social scene and used to enjoy a ride in the limo of Harry Cooper of La Jolla. Harry was dating Valerie then, now they are married. No one knows what, if anything, that Harry Cooper did for work. He said he was the director of a "foundation." We suspect he just inherited money and that "is the whole contribution" of his life. A trust fund. I have seen recent pictures of Harry Cooper. He looks like he is wearing a wig, like a barrister in the courts of Britain. But here I go... talking about old times... I digress. It was a different era when these men projected their wealth by having drivers and limos. Today, I guess millionaires or wannabe millionaires just drive their own Tesla or BMW.

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Don Bauder Sept. 10, 2013 @ 7:03 a.m.

Ponzi: Drive their own BMWs? In San Diego traffic? Best, Don Bauder

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Yankeedoodle Sept. 10, 2013 @ 9:02 a.m.

Don: San Diego traffic is not that bad, if you know when to take which routes. No worse than Denver at times. And one sees plenty of BMWs while driving. More of other cars of course...the Bell curve and all that.

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Ponzi Sept. 9, 2013 @ 11:17 p.m.

Anyway, cocaine kills. It was popular in the 80's I recall being at a party for Bob Lawrence, the son of hotel magnate Larry Lawrence. This would be at his condo in Fashion Valley in 1985, when he graduated from USD. The cocaine was everywhere and Bob and I were in his bedroom. Cocaine use causes an enlarged heart and is probably a contributing factor to Bob dying at age 53.

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Don Bauder Sept. 10, 2013 @ 7:05 a.m.

Ponzi: You seem to suggest that cocaine is NOT ubiquitous now. Best, Don Bauder

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Ponzi Sept. 10, 2013 @ 10:31 p.m.

Don, I would not know. I don't partake and have not since the 80's. Oh, the stories I could tell about that era. Stuffing towels at the bottom of doors so the fume of crack cocaine that Chargers players were smoking would not enter our room. Being at events where martini glasses were filled with cocaine. The Playboy Club in Mission Valley where I watched people snort cocaine off the table tops with hundreds of people in sight, including politicians of the day. It doesn't happen like that now, not with cameras and cell phones and all. But I look back and think how crazy it was and I can say that the people I observed ingesting cocaine spanned the gamut; local TV news personalities (Mike T,,,cough, cough), politicians, police, pro athletes, prominent business people... All I know is that in the 80's it was, for lack of a better word, "acceptable," it was chic.

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Don Bauder Sept. 12, 2013 @ 8:25 a.m.

Ponzi: I must admit I have been naive about this. Best, Don Bauder

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Burwell Sept. 9, 2013 @ 11:48 p.m.

Harry Cooper invented a process that enables financial data stored on magnetic tapes to be automatically converted to microfilm for storage. In 1965 he started a company to capitalize on this technology. His wealth is from the sale of the company. This technology is needed today. For example, the content of the Reader website should be reduced to microfilm before it disappears forever.

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Ponzi Sept. 10, 2013 @ 10:20 p.m.

You seem informed, Burwell. Would you mind sharing Harry Cooper's patent number? As well as the name of the subject company.

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Burwell Sept. 10, 2013 @ 11:10 p.m.

Here's the link to Cooper's 1968 SEC filing for his corporation, General Computing Corporation. The LA Times article details his business history. I've also read that in the 1960s Cooper bought many parcels of undeveloped land in what ultimately became the "Golden Triangle." I am not defending Cooper or his lifestyle. I don't know the man. I am merely pointing out that he has no college degree and appears to have earned his money. I have been skeptical of wealthy individuals who claim they worked themselves out of poverty as justification for their wealth. Now that the 1940 Census records are on line with addresses, it is possible to find on Google street view the childhood homes of the wealthy and verify whether they were raised in poverty. One wealthy San Diegan who claimed to have an impoverished childhood lived in a 6,000 square foot mansion with three servants, according to the 1940 Census records. His father earned $40,000 a year in 1940.

www.sec.gov/news/digest/1968/dig090368.pdf

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Ponzi Sept. 10, 2013 @ 11:14 p.m.

Thank you. I enjoy putting these pieces together. But what LA Times article?

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Ponzi Sept. 10, 2013 @ 11:24 p.m.

I read it. Um, a few hundred thousand for a company that copies analog data to digital? I am not convinced. This is not the genesis of a fortune. If this was an invention or enterprise that set into motion a life of no work and leisure, I need more details to be convinced. I personally worked with Bud Edelman, the inventor of the first computer cash register (electronically recorded transactions to data tape for computers) called IMC, Information Machines Corporation. He was a best friend. And I can say that was a more substantial invention. I also worked closely with Andrew Kay of NLS, later called Kaypro Computer, and that was a far better invention that this media transfer technology you claim Harry Cooper created. I need more data.

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Don Bauder Sept. 12, 2013 @ 8:31 a.m.

Ponzi: The history of Kaypro is quite fascinating. As I recall, at one point Andy Kay was a billionaire because of the value of his Kaypro stock. That was back when being a billionaire meant something. Best, Don Bauder

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Yankeedoodle Sept. 12, 2013 @ 8:36 a.m.

Don: Oh hey, over here! I am willing to be a billionaire even if means nothing to others. Just drop the money by the Jack in the Box, or better yet the Thorn Street Brewery. I am sure they will make sure it gets to me.

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Don Bauder Sept. 12, 2013 @ 11:44 a.m.

Yankeedoodle: Anybody out there willing to make Yankeedoodle a billionaire? Step forward, please. Best, Don Bauder

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Ponzi Sept. 10, 2013 @ 11:42 p.m.

True, like the Bill Gates story. He had access to timeshare computers years before other kids did in public schools because he was attending a private school in a well-to-do community. Bill Gates dad was a prominent lawyer, who was the son of a successful business person.... and Bill Gates mother was a well connected socialite who had contacts with executives at IBM.

Was Bill Gates brilliant? No. I don't think so. I met him, when I was in the computer business and he behaved like he was uncomfortable and anxious. Good businesspeople are comfortable around people.. because relationships are the most important aspect of business. Both Steve Jobs and Bill Gates were anti-social, but the firehose of drive propelled them into the success track and the people they attracted and retained channeled their energy and vision.

Jobs did pull himself up from a low income situation, and he was a brilliant visionary and marketer. Bill Gates was an opportunist and copier. Microsoft is slowly dying and will wind up like HP. But it is interesting how many of those who had help in their ascent, make up stories of adversity to make themselves look more substantive than they really were.

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Yankeedoodle Sept. 11, 2013 @ 8:01 a.m.

Ponzi: Why do people have to hide their social origins? On either end of the spectrum? It is what it is. One should be ashamed of neither. The middle is the easiest, socially, wouldn't you say?

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Ponzi Sept. 11, 2013 @ 11:28 p.m.

Why do people have to hide their social origins?
Good question, why do they?

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Don Bauder Sept. 12, 2013 @ 11:46 a.m.

Ponzi: It's often the people who grew up in the most comfortable circumstances who try to hide their backgrounds, and those who grew up in the most humble circumstances who brag about it. Best, Don Bauder

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Don Bauder Sept. 12, 2013 @ 9:26 a.m.

Ponzi: Many brilliant people are uncomfortable and anxious in public. I do think Microsoft's long term is in jeopardy. I think one of Gates's failures was not replacing Ballmer earlier. Best, Don Bauder

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Ponzi Sept. 11, 2013 @ 11:25 p.m.

I think you have furnished some relevant info. If he purchased real estate and invested well, there's no doubt he would have reaped some great rewards from his investments. I guess I sometimes wonder why some entrepreneurs exit and others like Jobs and Gates stay with it regardless of wealth. You see, I have no bone to pick with Harry Cooper. He's rather an enigma to many people because he does not elaborate on his past. He's been a socialite since the 80's. Here it is, 2013 and he has been doing the party circuit since 1980, that's almost 25 years. So if he made a fortune on a media conversion company in the 60's, great. In all candor, I just wonder why someone who may have been so brilliant to make a fortune (if it indeed was) in a company in the 60's did not continue to innovate? Why 25 years of society life instead of serving humanity with more creative innovations? And why the absence of evidence of any recognizable philanthropy? Yes, I am very hard on the rich and powerful in San Diego because there have been so many instances of scams and I also have a disdain for attention whores who spend more on their clothing and parties than they contribute to the causes they lay claim to. They know who they are.

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Don Bauder Sept. 12, 2013 @ 9:29 a.m.

Ponzi: Many Beautiful People in San Diego society have shabby backgrounds. Best, Don Bauder

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Don Bauder Sept. 12, 2013 @ 8:27 a.m.

Burwell: Cooper sounds like an interesting fellow. Best, Don Bauder

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Don Bauder Sept. 10, 2013 @ 7:06 a.m.

Burwell: If Harry Cooper was a successful inventor, he deserved the trappings of wealth. Best, Don Bauder

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Ponzi Sept. 16, 2013 @ 11:27 p.m.

Agreed, but he should not inflate his credentials by claiming to be the inventor of one of the first computer languages. He is no Grace Hopper or Ada Lovelace. I am critical of liars and making big claims without support is one of the things I hone in on and expose. Cooper's company did something today that would be laughed out of Wall Street. Taking digital magnetic media and migrating it to film, microfilm. Technology advances when it migrates from analog to digital, from paper to digital, and from images to digital. Some fools at the 60's era Transamerica conglomerate bought his "technology" with drunk money and then sold off the assets later to Anacomp at fire sale prices. Cooper made his fortune in real estate speculation buying land in Sorrento Valley. I can respect his land investments, but if readers of this thread question my criticism, it is because of the puffery about inventing a computer language.

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Ponzi Sept. 10, 2013 @ 10:36 p.m.

Burwell, "the Reader website should be reduced to microfilm before it disappears forever" ... you're joking, right? Why would an antiquated technology be used to preserve the Reader website when digital storage is far more efficient? With such logic, why not hire some calligraphers in Tibet to transcribe it onto parchment?

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Burwell Sept. 10, 2013 @ 11:54 p.m.

Electronic records are not saved and have no permanence. Most of the electronic images taken since the advent of the internet will disappear with no trace. All the blogs Bauder wrote on Filner's destruction will not exist in a few years. There will be no historical record unless the information is stored on microfiche or microfilm. Microfilm lasts 200 years. Most flash drives fail after a year or two. A single scratch renders a DVD worthless. Film is the only way to preserve historical records. Electronic records are also subject to manipulation and alteration.

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Ponzi Sept. 11, 2013 @ 11:16 p.m.

You are joking, I hope. You see the images and stories are now stored on servers which have redundant storage. The data may fade from Google or other search engines, but it will always be in some storage somewhere.

Have you ever used the "Wayback machine" website. It is proof that searches not found by a current search engine search can still be found in an archive. Archives of digital data will be available from now until the end of mankind. That is just how technology is. We have collected documents as old as 2000 years, why would any rational person thing that we will discard data when it can now be stored so cheaply and forever. I enjoy your posts Burwell, and respect you as a contributor to these blogs, but I disagree on this.

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Yankeedoodle Sept. 11, 2013 @ 11:48 p.m.

Well, lads. When I have time, I am going to organize and print Bauder's Filner coverage on paper. Good enough for the pharaohs, good enough for me.

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Don Bauder Sept. 12, 2013 @ 9:36 a.m.

Yankeedoodle: Papyrus, maybe? Don Bauder

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Don Bauder Sept. 12, 2013 @ 9:35 a.m.

Ponzi: You and Burwell are talking above my head. Best, Don Bauder

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Don Bauder Sept. 12, 2013 @ 9:33 a.m.

Burwell: That gets it to the nub of this inquiry: just how long should records be preserved? Scientists are still seeking records of mankind from thousands of years ago. Will important records of our time not be available? Best, Don Bauder

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Don Bauder Sept. 12, 2013 @ 8:28 a.m.

Ponzi: I do not know how the Reader is now preserved. Best, Don Bauder

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