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Council gives Lowe's loan early approval

August 11, 2004|by GREGORY T. SIMMONS

The Hagerstown City Council gave preliminary approval to lending and possibly granting $45,000 to Lowe's Home Centers, which is building a distribution center along Wesel Boulevard.

The council would have to give official approval at its voting session toward the end of the month.

City Economic Development Director Deborah Everhart said the $45,000 loan would become a grant if Lowe's meets certain conditions. Lowe's has also made a $150,000 loan-to-grant agreement with a state-run lending program.

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