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Homewood to Consider $900,000 Investment in Downtown Hotel: On the Agenda

A preview of what's going to be discussed and voted on during Homewood's Dec. 11 village board meeting.

Homewood Village President Richard Hofeld and the village trustees will meet at Homewood Village Hall on Tuesday, Dec. 11 at 7:30 p.m.

Casino Lobbyist

Trustees will vote to hire Alfred G. Ronan, Ltd. to represent the village's interest in developing a joint casino with East Hazel Crest. The agreement specifies a one-year contract with the lobbyist beginning Jan. 1, 2013 at a rate of $3,000 per month.

Tax Incentive Money for Future Downtown Homewood Hotel

Dr. Claude Gendreau is requesting $900,000 from the village in tax incentive money to help rehabilitate his property at 2034 Ridge Road into a boutique downtown hotel. Gendreau is also requesting a Class 8 property tax designation for his future hotel. These designations are reserved for the improvement of properties in areas in need of substantial renovation. Should trustees give it to him, he will get tax breaks for the next 12 years. 

New Public Works Software

Homewood Public Works is requesting $43,580.00 for new centralized work order management system.

Mary-Jo December 12, 2012 at 09:51 PM
What makes you think we (taxpayers) are being asked to pay for this? A vacant building generates no tax revenue for Homewood. A TIF means no / little tax revenue for a specified period of time or amount of money. It's not the same thing. Are you all angry that Target, Best Buy, or Kohls came to Homewood? They probably all had TIFs. Homewood granted money to Aurelios for their expansion. That was a grant (gift). This hotel is asking for a tax incentive.
Mary-Jo December 12, 2012 at 09:55 PM
It is a good thing to tie metrics to incentives. This hotel will not generate as many jobs as say, Target or Home Depot, but more than a bakery or hair salon. I would think everyone could agree that a few more jobs, which should range from minimum wage to managerial, would be a good thing for Homewood.
Sadb December 12, 2012 at 10:34 PM
Why was Aurelios granted money? everytime i look they open another resturant and a $30 pizza is out of my price range, i think they make enough to cover thier own expansion, the banks not the only vacant building in Homewood and what about all the empty houses, Homewood need more than a hotel to boost the towns economy!!!
Mary-Jo December 12, 2012 at 11:26 PM
Yes, it does. And the hotel is a nice start.
kayborst December 16, 2012 at 12:36 AM
What is your objective? You never have anything good to say about Homewood. Every comment is nasty and negative. Just one of those people I guess. Full of something!

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