Thursday, August 07, 2008

Glen Town Center comes to Village Board Meeting - no questions asked

At Tuesday's village board meeting several people from the Glen Town Center came to their meeting . They were there to present a check for the no interest loan from the village for about $750,000 that was used for signage, marketing and to add Muzak to the village owned parking lot ( that is not a joke they really believe that music in the parking structure attracts people to their mall). Our village president was effusive in her praise for their "success".

One of the people at the podium was a partner in the development company that still owes the village $12,000,000 (again at no interest) - not one person on the village board asked these people when we can expect this money back - they sat there in silence.

I don't know about you but if some mall owner who had 12 million of my money and had never paid back a penny since being open for over 3 years came in front of me I would have had a few questions.