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Elk Grove promises TIF funds for new tech park hotel The $1 billion Elk Grove Technology Park being developed between Oakton Street and Higgins Road will include a 79-room hotel on a 1.7-acre parcel. The hotel developer recently secured an agreement for village funds for the project. Brian Hill | Staff Photographer   Updated 7/28/2021 8:07 PM Elk Grove Village has promised a developer more than $1 million in tax increment financing funds and additional hotel tax rebates to open a lodge on the north end of the Elk Grove Technology Park. The TIF reimbursement and redevelopment agreement between the village and Hiten Patel of Chattanooga, Tennessee-based Rivermont Hospitality replaces a similar deal inked in January 2020 with a different developer.

Elk grove villageUnited statesHiten patelCraig johnsonIntercontinental hotels groupShapra groupElk grove technology parkElk grove technologyTennessee based rivermont hospitalitySchaumburg based equityrootsMayor craigHilton homeஒன்றுபட்டது மாநிலங்களில்தாக்கியது படேல்கிரேக் ஜான்சன்கண்டம் ஹோட்டல் குழு