Yesterday, McHenry County Blog showed you the letter from the Chicagoland Foreign Investment Group saying that it would raise $27 million “for construction and operation of the (McHenry County SportsPlex” sports facility complex to be constructed in McHenry County.”
That was dated December 1st, but just given to county officials on January 28th.
Today, take a look at a February 5th letter from Stern Brothers & Company.
It says the firm will find “sophisticated investors…in tandem with a sophistical investment letter…”
Then, there are two “if’s.”
- The operating LLC raises $8 million in equity, and
- The project is located in a Targeted Employment Area and CFIG (Chicagoland Foreign Investment Group) commits $27 million in long-term take out financing.
Miyun Cho, Managing Director, signs the letter.