Is it staying or is it going?
After years of debate the answer to that question has finally reached its conclusion. The notorious Purple Hotel in Lincolnwood, along with two adjacent commercial properties, will be listed for auction by Sheldon Good & Company of New York on May 11.
This is the first time the 8.5-acre site has been offered together, according to a press release from Sheldon Good.
Lincolnwood Village Manager Tim Wiberg is enthusiastic about the listing.
"We feel there is a tremendous amount of opportunity and versatility with this property, given its prime location and scale," Wiberg said. "The community is very supportive of putting this site to good use."
It's been reported that the Purple Hotel only to find out later that owner Donald Bae planned on The hotel closed in 2007 due to a variety of reasons - from health violations such as mold to the overall building falling in a state of disrepair. Last week, when the village board is scheduled to meet next. Obviously, that meeting is not going to happen.
The auction will take place at the Westin Chicago in River North on May 11. Once new information comes in, Skokie Patch will update.
The infamous Purple Hotel can be remembered for a variety of historic events.
There's the unsolved murder of convicted mobster Allen Dorfman, who was gunned down in the hotel's parking lot in 1983.
Michael Jordan was also introduced as the newest member of the Chicago Bulls in 1984 at the Purple Hotel.
Almost two decades later, Stuart Levine testified to the drug-fueled parties in the corruption trials of Tony Rezko and William Cellini. Levine told reporters that he snorted "10 lines of a potent mix of drugs" during a single sitting while at the hotel.