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MegadealsSubsidy Tracker Individual Entry
Company: RCP Hotel Owner, LLC
Parent Company:
Subsidy Source: local
Location: Illinois
City: Chicago
County: Cook
Address: 208 S La Salle Street
Project Description: Convert currently gutted, vacant space on 5 upper floors (18Fl-22Fl) of existing commercial building to operate a luxury hotel with 232 rooms. Project includes new energy efficient windows, new LED lighting, new energy efficient boiler, hot and chilled water pumps, individual guest room HVAC, low flow plumbing fixtures and destination dispatch system for elevator for energy usage reduction.
Year: 2019
Value of Loan, Loan Guarantee or Bailout Assistance: $21,250,000
Loan Value Notes: Loan amounts do not reflect repayments. See the original source for that information.
Program Name: Chicago: Property Assessed Clean Energy (PACE)
Awarding Agency: Chicago Department of Planning and Development
Type of Subsidy: loan or bond financing
Capital Investment: $17,061,186
Source of Data:
(click here)
Notes: Subsidy value is loan amount. Investment data is total projected project cost. Year is year loan approved.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.