Plans are now in place for a new hotel to be constructed at the northwest corner of Touhy and Lincoln Avenues after the Lincolnwood village board approved a tax rebate plan for a new developer interested in the property.
Construction near Lincolnwood's District 1860 complex, being built on the site of the former Purple Hotel, is restricting traffic on Lincoln Avenue, shown here, as well as Touhy Avenue.
Following the tax rebate plan approval, trustees directed Village Manager Anne Marie Gaura to put a proposed ordinance on their Sept. 8 meeting agenda for a 2% increase in the village’s hotel tax. “There is a financial gap for us to make this project economically feasible,” Lakhani said. “We are hoping that gap can be bridged by that economic incentive we are proposing tonight.”
The Lakhani proposal allows the village a second chance for a hotel, which was part of the original District 1860 plan. However, First Hospitality, the first developers, pulled out in 2021 due to the pandemic.Construction near Lincolnwood's District 1860 complex, being built on the site of the former Purple Hotel, is restricting traffic on Lincoln Avenue, shown here, as well as Touhy Avenue.
Dolasinski believes that despite the ongoing nature of COVID-19 and some reluctance to travel, there remains a market to capture.
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