Loans were given to Stevens Point, Whiting, Almond-Bancroft, Rosholt

MADISON—On July 2, the Board of Commissioners of Public Lands (BCPL) chaired by Treasurer Sarah Godlewski approved over $14 million in financing to Wisconsin communities across nine counties.

Wisconsin Treasurer Sarah Godlewski.

From the northernmost corners of the state, such as the town of Superior- which will be building a new fire hall with $1.8 million- to the coast of Lake Michigan in the city of Port Washington- which is financing a business development loan with $150,000- the BCPL is providing the funds necessary to support a variety of initiatives.

In addition to business financing and infrastructure improvements, BCPL is also providing financing for water and sewage projects that our communities need. In the village of Brandon they will now be able to fund a park sanitary sewer relay worth $115,000, and in the village of Whiting they can install a new water service for $250,000.

“BCPL’s state trust fund loan program is the only initiative in the country that provides this type of financing for projects that serve a public purpose for any municipality or school district in our state,” said Treasurer Godlewski. She continued, “it is a top priority of mine to ensure that the investments we make through this unique fund are sound and produce the returns we need to distribute our annual funding for every single public school library across the state.”

Local area loans awarded: 

Stevens Point Area, $318,690
Village of Whiting, $250,000
Almond-Bancroft, $17,881
Rosholt, $19,813