http://www.chicagorealestatedaily.co...ws.pl?id=35179
City bonds, TIF money possible for Bronzeville project
By Eddie Baeb, Aug. 19, 2009
The Daley administration is upping its efforts to help Capri Capital Partners LLC finance its proposed
Metropolis retail development in Bronzeville.
Mayor Richard Daley wants the city to issue up to $28 million in “Enterprise Zone” bonds for the already-downsized $50-million project, which is to be anchored by a Roundy’s grocery store.
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http://www.chicagorealestatedaily.co...ws.pl?id=35177
2 Gold Coast sites face foreclosure
By Andrew Schroedter, Aug. 19, 2009
...In the larger of the two suits, Anglo Irish Bank Corp. is seeking to collect $33.2 million for the nearly half-acre
Esquire site at 58-104 E. Oak St., where Mr. Hunt had once planned to demolish the 1930s-era theater, known for its vertical neon marquee, and build a boutique hotel.
...Separately, Anglo Irish filed to foreclose on the former
Cedar Hotel, a mostly empty building that Mr. Hunt owns at 1112-1118 N. State St., seeking to collect nearly $18.7 million. As with the Esquire property, Mr. Hunt wanted to bring a trendy hotel to the site, but a deal with Morgans Hotel Group Co. collapsed late last year amid the deepening the financial crisis.