Berwyn development group wins award

Share on Facebook
Share on Twitter

By Community Editor

The Council of Development Finance Agencies recently announced Berwyn Development Corporation (BDC) as the winner of the 2012 CDFA Excellence in Tax Increment Finance Award for the corporation's work on the Berwyn Gateway Plaza, a six-retailer urban infill redevelopment project at the intersection of Cermak Road and Harlem Avenue in Berwyn.

The BDC partnered with the City of Berwyn to complete the long-term vision for the Berwyn Gateway Plaza. A three-year land acquisition period led to the construction of 19,910 square feet of new commercial space in an urban infill environment. Several sources of capital and equity were used to fully finance the project, including developer and tenant equity and bank loans. The initial funding came through tax increment finance, according to a news release.

Reader Comments

1 Comment - Add Your Comment

Note: This page requires you to login with Facebook to comment.

Comment Policy


Posted: July 19th, 2012 11:08 AM

Well deserved. Griffen and team are wolrd class and impressive.

Find a garage sale near you!

In search of local garage sales? Find out what sales are happening near you on our map and listing page.

Quick Links

Sign-up to get the latest news updates for Oak Park and River Forest.

MultimediaContact us
Submit Letter To The Editor
Place a Classified Ad

Classified Ad

Latest Comments