Winnebago EDA Discusses Loan Repayments and Future Projects
The Winnebago Economic advancement Authority (EDA) held a meeting on December 3rd, focusing on updates regarding outstanding loans and initial discussions for the 2026 Priority Plan. The meeting was described as relatively uneventful, with a positive outlook on several loan repayments.
CEDA representative Dave Schmidt provided a complete update on the status of existing EDA loans. He reported progress across multiple accounts as the last meeting.
Specifically, Gene Wilson, owner of the former Flip-n-Shake building, indicated his commitment to repaying his loan. “Gene Wilson…told me that he would stop by the Municipal Center with a $100 payment for his loan, and is receptive to our idea of a payment plan,” Schmidt stated. “He intends to bring in a payment of at least $100 per month until the remainder of his loan is paid off.” This demonstrates a proactive step towards resolving the outstanding debt.
Progress is also being made on the loan for Roerig Hardware, even though at a slower pace. Schmidt reminded the council that the EDA shares collateral with SMIF on the Roerig loan.
Key Takeaways
- Gene Wilson, owner of the Flip-n-Shake building, is actively working to repay his loan with monthly payments.
- Progress is being made on the Roerig Hardware loan, though slower than anticipated.
- The EDA is beginning to consider projects for the 2026 Priority Plan.
Looking ahead
The Winnebago EDA will continue to monitor loan repayments and work with borrowers to establish manageable payment plans. The focus will now shift towards developing the 2026 Priority Plan, identifying key areas for economic development within the community.Expect further discussion and public input opportunities as the plan takes shape in the coming months. The EDA’s continued focus on responsible loan management and proactive planning positions Winnebago for future economic growth.
Publication Date: 2025/12/07 11:26:30