Sunday, March 26, 2006

Santa's Village Makeover

Good news for fans of Santa’s Village.

It won’t turn into another boring townhouse development.

That’s the news from Elgin’s Daily Courier-News.

It’s already being spruced up and the new purchasers plan to install an indoor water park and a hotel.

Spokesman for the new owners—Steve Hopp—has a great sense of humor. Here’s an example:
Hopp even looked at adding a revolving dining room that turned 360 degree(s) at the top of the proposed hotel, to give diners a breathtaking view of the Fox Valley. The cost, though, was too high.

“We decided to buy swivel chairs instead,” he joked.
The only downside is to taxpayers. The East Dundee village board is thinking of helping the developers finance the project with a Tax Increment Financing district. TIF’s suck money out of all the other tax districts, resulting in their raising their rates enough to recoup the money given to help the developers.

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