Rosemont Snags DeRose's Development Site for $13M therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
Tucked in between the Jane Addams Tollway and O Hare International Airport, the last major undeveloped property in Rosemont has a new owner: the village government.
Rosemont awarding TIF dollars for two hotel redevelopments Rosemont plans to award tax increment financing dollars to hotel redevelopment projects at the former Edward Hotel, right, and former Wyndham O Hare across the Jane Addams Tollway. Mark Welsh | Staff Photographer, 2020 A one-story, 16,000-square-foot portion of a hotel complex next to the Allstate Arena is intended for restaurants that would serve guests and arena visitors. Christopher Placek | Staff Photographer
Updated 7/19/2021 6:33 PM
Rosemont plans to give tax increment financing dollars to developers of two hotel properties near the Allstate Arena as an incentive for their redevelopment and reopenings.
The village board Monday agreed to give Chicago-based Gateway Investment Partners LLC up to $6.5 million for the planned renovation of the closed Edward Hotel, 6600 Mannheim Road.