Superior council approves two new business loans
August 26, 2021
More fuel was added to the rumor mill fire Monday evening when members of the Superior City Council approved two requests for low interest loans totaling, more than $200,000.
The loans will be made for a period of 15 years each and while the interest rates are different they will be below current business loan rates. A third loan request was tabled.
The council did not publicly discuss the requests, identify the recipients or state the purpose of the loans.
However, it is suspected they are part of a plan to remodel and reopen the former Pizza Hut at the north edge of Superior.