CHICAGO (CBS) — Two years from now, there might be another hotel on the site of the old Purple Hotel in Lincolnwood.
WBBM Newsradio’s Bernie Tafoya reports the Lincolnwood Village Board recently approved an incentive package for the proposed Shoppes at Lincoln Pointe.READ MORE: 4 People Injured In Crash At 79th Street, Stony Island Avenue, South Chicago Avenue
The $125 million project would include a 160-room hotel, a grocery store, a health club, and more retail space.READ MORE: Boat Flies Off Fox River And Catches Fire In Backyard, Leaving Operator Dead
The village board has approved $27 million in economic incentives, although they won’t kick in until construction is finished.
Lincolnwood officials were quick to point out the village is not taking any financial risk for the project at the corner of Lincoln and Touhy avenues.MORE NEWS: DuPage County Advises Masks In All Public Indoor Spaces, With COVID Transmission At Substantial Levels
Construction has been slated to begin next spring, and should be completed by the summer of 2016.