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Shorewood to consider loan to bookstore

Oct. 16, 2009

Shorewood — The Village Board on Monday will consider boosting the Business Development Loan Fund to $500,000 from $100,000 and will consider lending $35,000 from the fund to a new bookstore.

Open Book, a cooperative, plans to open next month at 4093 N. Oakland Ave. That is the site of the former Harry W. Schwartz bookstore.

The interest rate on the bookstore's loan would be 0% for four years and 3% for six years.

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