Grant & Loan Awards: Cook County


Cook County

Equity Fund: $500,000

Awarded: 05/21/2004

Applicant: Adel Industrial Development Authority

Equity funds to construct water and sewer extensions to serve Phase I of the new South Cook Mega Industrial District. This initial phase will extend 12,000 LF of water and sewer line to the 350-acre site, construct 7,000 LF of road and build a wireless telecommunications tower. The site is located along the I-75 US Highway 41 corridor. Rail access is located on the west side of the property. Significant funding resources for this project include the donation of the 350-acre parcel valued at $1,050,000, local investment of $275,000 and an EDA grant of $1,151,000 to assist with development of the park.

Total Budgeted Project Cost: $2,969,340

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