No sale: Deadline for sale of Harvard s former Motorola campus passes without closing dailyherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyherald.com Daily Mail and Mail on Sunday newspapers.
Rosemont awarding TIF dollars for two hotel redevelopments Rosemont plans to award tax increment financing dollars to hotel redevelopment projects at the former Edward Hotel, right, and former Wyndham O Hare across the Jane Addams Tollway. Mark Welsh | Staff Photographer, 2020 A one-story, 16,000-square-foot portion of a hotel complex next to the Allstate Arena is intended for restaurants that would serve guests and arena visitors. Christopher Placek | Staff Photographer
Updated 7/19/2021 6:33 PM
Rosemont plans to give tax increment financing dollars to developers of two hotel properties near the Allstate Arena as an incentive for their redevelopment and reopenings.
The village board Monday agreed to give Chicago-based Gateway Investment Partners LLC up to $6.5 million for the planned renovation of the closed Edward Hotel, 6600 Mannheim Road.
A white elephant factory and a former premier corporate campus are targets for ambitious redevelopment plans outside of Chicago one faces many obstacles to getting started while the other is well underway. The white elephant is Motorola’s former 1.5 million-square-foot cellphone plant in rural Harvard. The campus is Motorola’s old headquarters in Schaumburg, which is being demolished to make .
A white elephant factory in Harvard and a former premier corporate campus in Schaumburg, once owned by Motorola, are both targets for ambitious redevelopment plans outside of Chicago.
Updated 5/21/2021 6:50 PM
A Canadian company called Green Data Center Real Estate is attempting to purchase the sprawling former Motorola campus in Harvard and convert at least part of it into a solar-powered data warehouse.
The Harvard property had been tied up in court proceedings as its current owner, Xiao Hua Edward Gong, is under criminal investigation in Canada but the U.S. Marshals Service received permission in September to sell it. That process has been ongoing and U.S. Department of Justice officials declined in court as recently as Wednesday to name the would-be buyer.
Crain s Chicago Business, however, reported Thursday that Green Data was the potential buyer, and Harvard Mayor Michael Kelly and City Administrator Dave Nelson confirmed that to the Northwest Herald Friday.