Britta Rivera Venture

CHICAGO REAL ESTATE NEWS & MORE

CHICAGO 2012: HYDE PARK RECEIVES 5.2 MILLION IN SUBSIDIES FOR HOTEL; IS PRESIDENT OBAMA THE REASON?

The Chicago Tribune is reporting the Chicago’s Hyde Park neighborhood has just received financial support.  Aldermen officially approved up to $5.2 million in subsidies for a 131-room hotel being developed in the Hyde Park neighborhood.

It’s not surprising that the $28.6 million project, located in Harper’s Court at 52nd Place, has received political backing.  With it being so close to President Obama’s Chicago residence, it is win-win for everyone.  Does the President have something to do with it?  Well, you be the judge.

Smart Hotels LLC and The Olympia Companies is developing the much-needed Hotel.  I cannot remember the last time one was built in the neighborhood, and I grew up there.   This should offer a great opportunity for neighborhood jobs and a fresh appeal to the area.

It also will come in handy for the Secret Service while in town, where do they stay now?

DO YOU NEED TO SELL YOUR HYDE PARK HOME?  CONTACT A PROFESSIONAL REAL ESTATE TEAM HERE.

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June 6, 2012 - Posted by | CHICAGO NEWS | , , , ,

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