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MegadealsSubsidy Tracker Individual Entry
Company: Shubert Hotel Associates, LLC and Monroe Presentation, LLC
Parent Company:
Subsidy Source: local
Location: Illinois
City: Chicago
County: Cook
Address: 18 W Monroe St
Project Description: Located in the Loop, the project includes subdividing a 20-story building known as "Majestic Building".The project consists of renovating the first five floors to a 2,000 seat performing arts theater and convert the top 15 floors from office space to hotel space. No city funds are used for hotel conversion.
Year: 2018
Subsidy Value: $5,564,650
Program Name: Chicago: Tax Increment Financing
Awarding Agency: Chicago Department of Housing and Economic Development
Type of Subsidy: tax increment financing
Capital Investment: $40,537,650
Source of Data:
(click here)
Notes: Subsidy is issued for Central Loop TIF district. Year is year credit approved. Capital investment is total project cost.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.