$1.5 Million In Additional Funding Approved For Orchard Town Center
GLEN CARBON - The Glen Carbon Village Board on Tuesday approved a requested increase of $1.5 million in funding to reimburse the developers of Orchard Town Center, who cited demands from the City of Edwardsville and Illinois Department of Transportation (IDOT) for the increased amount. The originally agreed upon amount to be reimbursed by the village, $3 million, has increased to $4.5 million in the newest request. Tim Lowe, senior vice president for development with The Staenberg Group, said this increase was partially due to demands from the City of Edwardsville and IDOT. “The request for the additional funds wasn’t just because of cost overrance, it was also because of scope adds” Lowe said, noting most of the roads surrounding the development are either controlled by Edwardsville or IDOT. “Both Edwardsville and IDOT took it upon themselves just to, anything that was wrong, we had to fix - I mean, even if it wasn’t our issue, we had to fix