GRAND FORKS, ND – How much money does the Alerus actually lose each year? In terms of strictly operating costs – not including depreciation – the Alerus Center has lost hundreds of thousands each year it has been in existence, despite some claims that it has had years where it made a profit. If depreciation [...]
GRAND FORKS, ND – “Am I tired of the losses? Absolutely,” said Grand Forks City Council President Hal Gershman, speaking about the Alerus Center. “The city as a whole is doing extremely well,” Gershman continued explaining in an interview on the Scott Hennen Show today. “We have an irritant here. The continuing losses of the [...]
TIOGA, ND – “We compare it to driving into a war zone,” said Jamie Eraas, City Auditor and head of the western North Dakota’s town economic development fund, noting that the record growth in this small town has left the roads in rough condition. Like the gold rush towns of the 19th century, the small [...]
GRAND FORKS, ND – “It has been ten years, and they [Venuworks] constantly under perform. If this were a private business, you would have moved on by management by now,” shared Grand Forks City Councilman Terry Bjerke. At Monday’s City Council Meeting, Bjerke put forth a motion that Venuworks, the management company responsible for running [...]
GRAND FORKS, ND – Grand Forks’ finance committee met last night and is requesting a $250,000 advance to the Alerus Center should the Center need to draw on the funds to pay its bills. In an interview this afternoon on the Scott Hennen show, Grand Forks City Council member and ND State Representative Eliot Glassheim [...]
BISMARCK, ND – Bismarck’s City Commission voted this evening to approve Tubular Transport & Logistics (TTL) to operate and manage the Northern Plains Commerce Centre (NPCC). The rail transloading and distribution company is based in Rifle, Colorado, and after several rounds of negotiations, the city approved a lease-to-own arrangement for the city’s five-acre rail transloading [...]
BISMARCK, ND – North Dakota captured the number one spot in the nation for it’s business economy and tied with South Dakota for 13th place overall in the 2011 business competitive ranking just published by CNBC. “We are very excited about this national spotlight on North Dakota and the state’s strong economy,” said North Dakota [...]
BISMARCK, ND – “You start manipulating free markets and you start having a perverted situation, and that’s exactly what we are seeing” PSC Kevin Cramer told guest host Rob Port on the Scott Hennen radio show today, referencing his objection to MDU’s recent rate increase request, caused primarily by wind farms built in response to [...]
Bismarck, ND – The North Dakota Agricultural Products Utilization Commission (APUC), part of the commerce department, gave out $297,500 in funding grant awards at its May 19, 2011 quarterly meeting in Grand Forks. APUC, whose mission is to “create wealth and jobs through the development of new and expanded uses of North Dakota’s agricultural products” [...]
GRAND FORKS, ND – Should the current Chinese proposal to buy Cirrus Industries, Inc., go through, the City of Grand Forks stands to lose a lot of money on its current stock holdings in the company. Currently, the city is owed more than $1.79 million in back lease payments it made on the company’s behalf. [...]