Comments on: Schaumburg Convention Center to lose $15.7 million in 2009

By: Schaumburg Lobbyist Paid to Lobby Mayor Larson With Taxpayer Money?

Schaumburg Lobbyist Paid to Lobby Mayor Larson With Taxpayer Money? — Fri, 29 Oct 2010 04:52:03 +0000

[...] Schaumburg Convention Center & Hotel cost taxpayers of Schaumburg nearly $18.4 million in 2009 alone. Despite huge losses every year the Renaisance Schaumburg Hotel (management company) found money in [...]

By: Let the People Vote on Schaumburg Property Tax

Let the People Vote on Schaumburg Property Tax — Sun, 22 Nov 2009 05:02:37 +0000

[...] pointed out a plethora of great ideas to cut unnecessary and wasteful spending, including the Hotel & Convention Center, Airport, and Baseball Stadium, which combined cost area taxpayers over $10 million per year to [...]

By: Schaumburg Bureau on Taxpayer-Financed Jaunt to Copenhagen for Olympics Bid

Schaumburg Bureau on Taxpayer-Financed Jaunt to Copenhagen for Olympics Bid — Wed, 30 Sep 2009 02:52:46 +0000

[...] remember the Schaumburg Convention Center & Hotel, that she says the Olympics will help fill, costs area taxpayers $15.7 million per year in increased property & sales taxes. 16 days of Olympic glory doesn’t justify a lifetime [...]

By: Letters to Editor Make Big Impact in Schaumburg

Letters to Editor Make Big Impact in Schaumburg — Wed, 12 Aug 2009 13:59:15 +0000

[...] 12% restaurant sales taxes or 10% retail sales taxes Corporate Welfare (Schaumburg Convention Center, Airport, or Professional Baseball Team). Government Transparency Fiscal Responsibility Red [...]

By: Chris

Chris — Wed, 15 Jul 2009 18:05:03 +0000

Clearly, the politicos in Schaumburg think just like Mayor Daley. They have greater concerns over their Legacy than financial responsibility or concern for the tax payers. The Schaumburg Convention Center, The Wise Rd. project, The Schaumburg Flyers, The Schaumburg Airport, The Rec Center, The High School expansions with the related decorations that serve absolutely NO PURPOSE! This is the “Ego Stroke”. Politicians building so that they can say “They created it.” Further, the “Favors” that come back to them from all of the contractors involved! If only we could throw them all out and start over…with single term limits and absolute accountability. Serious jail time for those that devalue our community though irresponsible spending and corruption! The Greatest Legacy would be fiscal responsibility and a well run community WITHOUT all the fluff!

By: Schaumburg PD Leaving 9 Officer Positions Open

Schaumburg PD Leaving 9 Officer Positions Open — Sun, 10 May 2009 04:31:37 +0000

[...] with budget expenditures in the $10’s of millions for corporate welfare projects such as the Convention Center, Schaumburg Flyers, and the Schaumburg Airport that the Village is cuttting the budget on the [...]

By: Schaumburg’s 2009 Tax & Fee Increases: February Edition | Schaumburg Freedom Coalition

Sat, 21 Feb 2009 05:47:32 +0000

[...] these tax increases if they didn’t engage in their corporate welfare practices at the Schaumburg Renaissance Hotel and Convention Center that will cost Schaumburg taxpayers $6.9 million in sales taxes and a nearly $6.6 million property [...]

By: Schaumburg’s 2009 Tax & Fee Increases: January Edition | Schaumburg Freedom Coalition

Tue, 20 Jan 2009 05:13:46 +0000

[...] these tax increases if they didn’t engage in their corporate welfare practices at the Schaumburg Renaissance Hotel & Convention Center that will cost Schaumburg Taxpayers $6.9 million in sales taxes and nearly $6.6 million in a [...]

By: Brian Costin

Brian Costin — Mon, 19 Jan 2009 03:37:00 +0000

There is an easy way to find out if a project is sustainable. See if the market will provide it. If businesses are unwilling to build a convention center & hotel of that scale on their own then it is a pretty safe bet that it isn’t going to be sustainable.

Unfortunately, some politicians get illusions of grandeur and decide that they are going to force the taxpayers to subsidize their pet project with tax dollars.

In this case the Village Board and Mayor Al Larson didn’t even bother to ask the people of Schaumburg if this is something they wanted to do. The Village of Schaumburg has abused their home rule powers.

By: darnel605

darnel605 — Sun, 18 Jan 2009 23:54:22 +0000

This is a joke. There is no way they will get any decent shows that draw. Come on – Great Waters Fly Expo, Illinois Professional Turf Conference…are you kidding me? Just look at the website this whole thing is goofy. Rosemont, Navy Pier, McCormick etc. have this area locked up. Most educated people knew this thing would flop big time.

By: Grayslake debt-free, Schaumburg $625 million to go | Schaumburg Freedom Coalition

Tue, 13 Jan 2009 06:48:26 +0000

[...] Coalition has advocated for a large scale reduction of government debt by privatization of the Schaumburg Convention Center & Hotel, Alexian Baseball Field, and the Schaumburg Airport which account for the lion’s share of the [...]

By: Brian Costin

Brian Costin — Tue, 16 Dec 2008 04:03:30 +0000

Captain,

Your statement is incorrect and I have done my homework. The Village does impose a property tax. The Village collects property taxes in the Olde Schaumburg Center TIF district. There are a number of special service districts in which Schaumburg collects a property tax on. All of this information was found in the 2008 Schaumburg Comprehensive Annual Financial Report which can be found at http://www.ci.schaumburg.il.us/vos.nsf/schaumburg/PAFR-6DKQ7X .

The Convention Center is one of the biggest properties in Schaumburg but it pays no property taxes at all. This is because the Village of Schaumburg applied for and received a special property tax exemption for the property. It is also the only hotel in Schaumburg that pays no property taxes.

Based on the $228 million dollar value of the property, it is receiving a property tax exemption of $6,588,874 per year. This exemption makes property taxes higher for everyone else in Schaumburg. The special property tax exemptions at the Airport and the Baseball Stadium are also examples of how the Village makes property taxes higher for everyone else.

This Schaumburg Convention Center exemption means that the taxpayers of Schaumburg are paying almost $6.6 million more per year in property taxes directly as the result of the actions of the Village Board.

Chess is a fun game to play as a hobby, but when the politicians in Schaumburg are treating the citizens and businesses of Schaumburg as chess pieces in real life I will do everything possible to get the people of Schaumburg educated, upset, and cause problems for the politicians that are taxing and regulating our Village to death.

By: captain

captain — Sun, 14 Dec 2008 01:16:45 +0000

Mr. Costin,

I would suggest you do your “homework” a little more as your facts are incorrect. The residents of Schaumburg do NOT pay property “0″ to the Village of Schaumburg. So given that your posts are totally incorrect. It appears to me that you just like to attempt to get people upset & attempt to cause problems. Try playing chess it’s a much better hobby. I also hope you find happiness in your life as it appears you’re a very unhappy person.

Note: See the Schaumburg Freedom Coalition’s response to this anonymous and misleading post in the comment below.