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Oswego board hears major capital updates: PDR delay for Wolf's Crossing, WIFIA loan expected early 2026, Lake Michigan connection costs still fluid
Summary
Finance and public works staff told trustees the Wolf's Crossing PDR update was delayed until later segments after an IDOT/FHWA interim review, that a WIFIA loan of about $70 million is expected to close in early 2026 (subject to furlough delays), and that project bids will determine the final Lake Michigan connection cost and any required bond size.
Finance Director Andrea (first name on the record) and Public Works staff updated the Committee of the Whole on capital projects and financing on Oct. 25.
Andrea summarized the capital-fund work: "When we left off at the Committee of the Whole, we left off with Wolf's Crossing, and we're in the Capital Fund, so we'll pick up right there," she said, noting the project development report (PDR) had been amended earlier this year to include an intersection design study.
Kurt from Public Works reported that the village's consultant updated the PDR with the IDS and…
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