Two convention-sized hotels built during the boom years in the Chicago suburbs have become monuments to municipal hubris. If the lodging market doesn't turn around soon, they could become a burden on taxpayers.
In 2005, village officials in both Schaumburg and Wheeling were boasting of their investments in hotels. Schaumburg itself is the owner of the Marriott Renaissance at the village's convention center, Interstate 90 and Meacham Road. Wheeling provided a $23 million subsidy for the new Westin North Shore, 601 N. Milwaukee. The hotel's developer said the subsidy was "totally, completely, unequivocally essential" to the project.
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