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At a Special Village Board Meeting on March 8, 2018, the Village Board of Trustees took action to approve agreements and items related to the Lombard Public Facilities Corporation (LPFC) restructuring.
The Village originally approved a Restructuring Support agreement for the hotel facility on July 25, 2017. The LPFC, which owns the hotel, filed for restructuring of debt in the U.S. Bankruptcy Court on July 28, 2017. The Judge confirmed the LPFC’s restructuring plan on March 6, 2018, with an expected effective date of March 15, 2018.
For more information including a FAQ, please visit www.villageoflombard.org/hotel. Please contact Communications Coordinator Avis Meade at (630)620-5718 with any questions.
The LPFC's restructuring plan was made effective on March 16, 2018.