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Glenview permanent fund shows major downtown investments; staff projects recovering balances through loan repayments
Summary
Deputy Village Manager Boseley told trustees the permanent fund began 2024 with nearly $29.8 million and includes roughly $13 million committed to downtown restaurant grants/loans and a prior $11 million temporary loan to the Glen TIF that repaid principal plus nearly $5 million in interest; staff projects the permanent fund cash balance to be about $16.3 million in 2026 and to grow in subsequent years as loans repay.
Deputy Village Manager Boseley reviewed the village—s Permanent Fund and its use for capital and economic development outside The Glen. Boseley said the fund began 2024 with approximately $29.8 million in cash and that the Village has invested a little over $13 million of that into downtown restaurant recruitment in the form of grants and loans; those commitments are triggered when developers meet agreed benchmarks and draw payments over…
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