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Chicago hotels struggling to staff up for full reopening must wait for $75M in federal relief

Tyler LaRiviere/Sun-Times Chicago’s largest and grandest hotels are reawakening from a pandemic-induced slumber. But they’ll apparently have to wait for the financial relief they need to fully reopen, even if occupancy rates rise and the demand for rooms is there. Michael Jacobson, president and CEO of the Illinois Hotel & Lodging Association, has been told he’ll have to wait until late summer to find out whether Mayor Lori Lightfoot will grant his request for a hotel-only version of the Payroll Protection Program that helped restaurants survive the pandemic. But Lightfoot isn’t ready to decide. She’s still waiting for final federal guidance on the preliminary edict that no new stimulus money can be used to cancel plans to refinance some city debt.

United statesMichael jacobsonLori lightfootCity councilIllinois hotel lodging associationPayroll protection programIllinois hotelLodging associationMayor lori lightfootWestin river northHilton chicagoPalmer house hiltonஒன்றுபட்டது மாநிலங்களில்மைக்கேல் ஜாகோப்சன்லோரி லைட்ஃபுட்நகரம் சபை

Stadium authority lets Chicago taxpayers off the hook, refinances $21 4 million in Soldier Field debt

That pushes off the debt at an up-front cost of $468,000. “During the most recent legislative session, the City worked closely with the ISFA board as well as the Governor’s office to grant ISFA much-needed refinancing authority and appropriate up to $20 million to address the [2021 fiscal year] shortfall resulting from the precipitous decline in hotel tax revenues during the pandemic that is projected to impact the City’s budget in [the 2021 fiscal year] and beyond,” Chicago’s Chief Financial Officer Jennie Huang Bennett was quoted as saying in a statement. “Over the course of the pandemic, hotel tax revenues declined 75-90%, creating a one-time, once in a century event that required this adjustment. We appreciate the collaboration from all involved to make this a reality.”

United statesSoldier fieldRichardm daleyMichael jacobsonJennie huang bennettRahm emanuelMaria saldanaLori lightfootIllinois hotel lodging associationIllinois sports facilities authorityLeslie darlingChief financial officer jennie huang bennettChicago sun timesChicago football classicSoldier field saturdayIllinois hotel lodging

Coronavirus in Illinois updates: Here s what happened May 19 with COVID-19 in the Chicago area

Coronavirus in Illinois updates: Here’s what happened May 19 with COVID-19 in the Chicago area Chicago Tribune staff, Chicago Tribune © Stacey Wescott/Chicago Tribune Members of the Navy, draw up syringes of the COVID-19 vaccine at the Great Lakes Naval Base on May 7, 2021, in North Chicago. For the latest updates, . The Illinois State Board of Education has unanimously adopted a resolution requiring daily in-person learning next school year with limited exceptions for remote learning. The vote came after several parents asked the board to reject the proposal in consideration of children who may still be too young in the fall to receive COVID-19 vaccinations.

Grant parkUnited statesMccormick placeNorth chicagoMorgan countyChicago riverScott countySan franciscoNavy pierPalmer houseGreat lakesGratiot countyLake countyLake michiganAngie leventis lourgosBritt julious

Lollapalooza is a game changer but Chicago hotel industry wants $75M in aid; two big downtown hotels plan to reopen in June

Two of the largest Chicago hotels that closed early in the COVID-19 pandemic, the Palmer House Hilton and the Sheraton Grand Chicago, are preparing to reopen in June, a sign of hope for the battered downtown hospitality industry.

Grant parkUnited statesMccormick placeCook countyPalmer houseNavy pierChicago riverMichael jacobsonE jason wambsgansLori lightfootIllinois hotel lodging associationCook county circuit courtUs centers for diseaseWells fargo bankHotel jobs recovery planPalmer house hilton

Coronavirus in Illinois updates: State requires schools to be full-time in person this fall; 1,633 new cases and 28 deaths reported Wednesday

Coronavirus in Illinois updates: State requires schools to be full-time in person this fall; 1,633 new cases and 28 deaths reported Wednesday
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