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.
READ full story via 2012: HYDE PARK RECEIVES 5.2 MILLION IN SUBSIDIES FOR HOTEL; ALDERMEN SUPPORT DEAL.
DO YOU NEED TO SELL YOUR HYDE PARK HOME? CONTACT A PROFESSIONAL REAL ESTATE TEAM HERE.