“Every Building Is Doing It”: Board President’s Defense Makes Everything Worse breaks down how recent public comments from HOA leadership at 175 East Delaware Place HOA may have created new legal and financial exposure for the board.

In this Governance Ledger investigation from Common Interest Advisors, LLC, the board president’s February 16, 2026 statements are analyzed point-by-point, revealing potential issues involving unauthorized expenditures, tax compliance, fiduciary duty, and reliance on incomplete legal advice.

The article connects these admissions to broader industry practices and raises a central question: when boards defend questionable systems with “everyone does it,” do they unintentionally increase liability instead of reducing it?

This piece examines how one public defense may have created five new legal problems — and why owners across Chicago and beyond should pay attention.

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