We have some exciting news—our construction permit has been issued!

There are so many pieces that have to click into place for a project like ours and having our permit that allows for construction is certainly a key one. 

But construction costs have to match our available funds to begin construction (as described in our recent Newsletter), so we continue work:

      Our general contractor is submitting new prices based on
        a much simplified project plan. We expect those numbers
        soon.

      Our general manager has sourced reconditioned equipment.
        We're seeing substantial drops in equipment costs. 

We anticipate that even with lowered construction/equipment costs, we are likely to face a funding gap, so:

      We met with a lender who is preparing a $250,000
        gap loan for us.

      We submitted a letter of interest to Landmarks Illinois for
        up to $800,000 in low-interest gap funding and will know
        later this week whether we are selected to submit a
        full application.

We're also excited to see support from our Owners and the community coming in. After our last Newsletter, we've welcomed five new Owners and one Owner leveled up their Ownership from Founding to Cultivating. 

We need your help:

      Level up your Ownership and encourage others
        to join.

      Not yet an Owner? Join today!

      Invest in Preferred Shares to fund construction while
        investing in your community and earning a fair return.
        Email our treasurer to learn more.

      Make a donation to the Market’s construction fund.
        Every dollar counts.

      Know an individual, organization, or investment firm that
        might be interested in supporting our mission? Please
        email the Board and make an introduction.