Aurelio's Receives Funding for Building Expansion

$142,000 in TIF money will go towards the conversion of Aurelio's outdoor dining area to an enclosed banquet room.

Homewood trustees voted to approve $142,043 in tax incentive money Tuesday night to help fund a banquet room addition to .

The request was made by owner Joe Aurelio through the village’s Go Green and Façade and Property Improvement Program. He says Aurelio’s restaurant currently has to consistently turn down parties of up to 70 people multiple times per week due to lack of space. This banquet room will help remedy that problem, he says. In total, Aurelio plans on investing $575,000 to transform the restaurant's south side outdoor dining patio into a banquet room. 

In addition to more space, Aurelio says this addition is going to benefit the community in a variety of ways.

“The construction will create new jobs for a dozen area businesses and over 75 hard-working tradesmen. The addition of the banquet room will also create more hours for the 140 employees we currently employee, and also, it will probably create a few new jobs,” Aurelio said. “Lastly, I think the banquet room will create some new sales tax dollars for Homewood.”

Trustee Tom Kataras had no problem voting “yes” on the request.

“Quite truthfully, Mr. Aurelio probably funded most of that surplus anyway,” Kataras said.

Trustee Jay Heiferman echoed Kataras’ enthusiasm.

“I just think, in general, besides our own lovely charm of downtown Homewood, I think nothing has put us on the map in a better way than Aurelio’s,” Heiferman said.

Not all trustees were so quick to decide, however. Trustee Anne Colton said she had some initial concerns, but further reflection helped influence her “yes” vote.

“It is a pile of money. And that gave me a little bit of pause, but, again, a lot of the money we got is because of what you guys are doing,” Colton said. “You’re creating jobs, you’re going to be creating more revenue for the village and for all the taxing bodies.”

The request passed unanimously.

elise metcalfe August 30, 2012 at 06:46 PM
This family has supported the Homewood community since I was in high school in the 60's. Glad Tom K supported supported this wonderful restaurant. It's another reason to come "home" and have the greatest pizza in the world!
Frank J Casella August 30, 2012 at 08:38 PM
Fantastic! This is a good business - who donates to many charities and supports youth sports - and is helping to keep Homewood alive.
Chester Rook August 30, 2012 at 09:06 PM
What do you mean? Are you saying this was a good move or a bad one?
where is homewood going October 17, 2012 at 10:59 PM
TIFs are a tax-incremental-financing tool that elected officials adopt as the expenses almost always outrun the incremental revenue, but that usually isnt discovered till after they step down. see http://documents.village.homewood.il.us/finance/Current%20Year%20CAFR.pdf for homewood's -$2.8million dollar TIF loss for FYE 2011. i personally think its cute that Hofeld will run again.
Raoul Duke November 28, 2012 at 08:36 PM
Let me get this straight: Aurelio's can't get a loan to pay for its own improvements? I thought the rewards of capitalism were based on risk. Why do each of us have to give (not lend) money for Joe Aurelio to make more money for Joe Aurelio? TIFs are the biggest ripoff in America. The taxpayers give money to businesses that either A. don't need it, because they're making plenty of money, or B. will fail, because they're not adequately capitalized, or C. will skip down the day after the TIF expires, if not sooner. Every single one. We need to drastically cut Homewood village property taxes. The village idiots are like the kid in the bank commercial who trades his brand-new bike for an ice cream cone. They can't be trusted with Dime One.


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