Wintrust Business Minute: Chicago hotels may require 1.5% surcharge to fund Choose Chicago

Wintrust Business Lunch

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

Guests at some Chicago hotels may soon have to pay an additional 1.5% surcharge that would help fund the activities of the city’s promotional arm, Choose Chicago. It would encompass what’s being called a “tourism improvement district” that would include hotels in Chicago’s central business district with at least 100 rooms. It’s hoped the plan would raise $50 million in new revenue to be used for tourism promotion. Crain’s reports the new district would require approval of the city council and the blessing of the hotels involved to move forward. Analysts have said Choose Chicago needs more funding to adequately do its job.

Also, a criminal case brought by the U.S. Department of Justice involving former employees says Motorola Solutions was hacked by the Chinese military. Listen for more below:

https://serve.castfire.com/audio/7037606/7037606_2024-11-05-182306.64kmono.mp3

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