Elk Grove Village Board Meeting Agenda February 2026
Village Funds $23M Redevelopment Loan to SG Elk Grove
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Description
Elk Grove Village plans to increase its FY2026 Capital Projects Fund budget by $23,000,000 to disburse loan funds under a Purchase, Sale and Redevelopment Agreement with SG Elk Grove, LLC for 610 Meacham Road. The Village is acting as primary lender to support construction of a new hockey rink and two retail outlots on the blighted property.
Contract Details
Contract Amount
$23,000,000 (loan funds to be disbursed via budget increase)
Vendor
SG ELK GROVE LLC
Agency
Elk Grove Village village (pt.), IL
Contract Type
FINANCIAL_SERVICES
Document Date
February 24, 2026
Renewal Info
Existing Purchase, Sale and Redevelopment Agreement approved November 18, 2025; current action adjusts budget to facilitate loan disbursement under that agreement.
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Related Contracts
Issuing Agency
Elk Grove Village village (pt.)
City
Elk Grove Village village (pt.), IL
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