DMGwalsh, Erik Lee, some other buddies and myself were there on Saturday for the 14.1 qualifier. It's called On-Q club and yes it's in Elgin. It's a really beautiful multi-million dollar building with a classy restaurant and a private room downstairs. Upstairs has 8 ProAm 9' Diamonds, a bar, dancefloor and a deck I believe. I don't think the room is open to the public yet, and I think I heard Tom K say it would be sometime in early July. The place is absolutely gorgeous and will be a PRIME location for tournaments, league nights and private parties. There is no lack of open space in the pool hall and you really feel like you're playing in a pro tournament. The one thing that jumps at you is how high the ceilings are --- although it's a 2 storeyed building it looks like it could be 3. The windows are also really large and I think I saw blinds or tints so that the sun won't get in your way too much. Table lighting was more than adequate. I remember people like Wendell Weir, Larry Schwartz, Tom Collins, and George Fels stopping by.
DMGwalsh should chime in; he'll give a more thorough review. I was busy watching Tom K wipe the floor with his opponents.