Abandoned and vacant buildings abound in downtown Champaign after three years of pandemic closures, business failures, downsizing and moves, a street-by-street survey by CU-CitizenAccess…
Darrell Hoemann
It has been an arduous journey since the early 2000s for the Urbana-Lincoln Hotel. There have been at least 7 different owners, 5 name changes, and millions of dollars in renovations and selling costs. Both city officials and the new owner, Icon Hospitality, LLC, are now confident the hotel will not only successfully open in late 2022 but will bring in significant revenue.
The former owners of the News-Gazette have sold the building at 15 East Main Street in Champaign for nearly $1.2 million to local businesswoman Laura Kalman, according to documents filed in U.S Bankruptcy Court in Delaware.