The Town of Pelican just east of Rhinelander has picked up a $200,000 state loan to construct a new town shop.
The town received approval from the Board of Commissioners of Public Lands. Executive Secretary Jonathan Barry explains....
"....the town of Pelican is using the state's trust fund loan program, which dates back to 1871, It's a loan coming from the Board of Commissioners of Public Lands at very competitive interest rates with very flexible terms, meaning the town, if they wish to, can pay this back at any time with no penalty..."
The board distributed $37.7 million dollars in interest earnings to school libraries last year. Barry says the board unanimously approved Pelican's application as it is to be used for a public building.
