Tuesday, July 18, 2017
Normal Hyatt Place Backs Off Request For More Public Money
Taxpayers in Normal are getting a bit of a break, for now. The local Hyatt Place hotel in Uptown Normal yesterday said it's withdrawing a request for 264-thousand-dollars in public support to stay open. The hotel had said it needed the money to get a better deal on refinancing its debt. Hyatt managers say they canceled their request when they learned the new Illinois budget will mean 300 thousand-dollars less in tax money for the town of Normal. The town already helped build the hotel with special financing and a deeply discounted land price.