Park Ridge council signals support for Higgins Road hotel incentive package
Council signaled general consensus to support a developer’s request for a package of incentives — including a Cook County 7B property‑tax abatement and a hotel‑occupancy tax sharing agreement — to help fill a roughly $9 million feasibility gap for a proposed 112‑room True Hotel at 1440 Higgins Road.
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City Manager Joe told the Park Ridge City Council that MDSA Properties LLC is seeking an economic incentive package worth about $4,600,000 to help bridge a feasibility gap for a 112‑room True Hotel proposed at 1440 Higgins Road. "MDSA is here, tonight requesting an incentive package valued at approximately 4,600,000," Joe said, describing the package as roughly half of the calculated gap.
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