Cratter

Here's the link for anyone interested. https://www.tax.nd.gov/news/tax-commissioner-reports-modest-gain-2024-fourth-quarter-collections

I stumbled across this nugget from tax commissioners office: This means Fargo's taxable sales and purchases dropped over six times more than Grand Forks’ during Q4 2024 compared to Q4 2023.

"Cratter can you play the other side?" Sure. Property tax? Where's that money go? Biggest portion: public schools. Which is a valid concern and why the schools. Said "no way jose we love money." The only way you'll pay more is if the city decides to increase the "mill rate" (Besides naturally raising property values). Which is unlikely, because ND state and local governments seem to be lowering them. A good trivia question would be "When is the last time Grand Forks increased the mill rate?" People complain about property tax breaks but then vote to increase their own sales tax constantly in Grand Forks. 🫣

Which begs the "question," Megan Ashley Pierce (MAP Fitness) Really needs to step up her city council game.

The poker table buy in is $10 million minimum. The more you invest the bigger discount/perks you get. This guy gets comped a soda: This guy gets comped a penthouse suite:

Ok good to know. We can use this data to answer Blackhearts question then,....the original point: it'll likely be 90% to 100% full before it opens or right afterwards.

I love this thread. Hop in the "way back machine" To see: "Grand Forks very slow growth.....we dont need to build so many new apartments." *digs deep* "Holy crap. Grand Forks has a very low vacancy rate and apartments growth hasnt been keeping up with demand; we need to built a lot more!"

Lol..ok here a more expanded answer...in this scenario its a new building, its 80% full after only being open x amount of time.....which gives them an "estimated capacity fill rate"...they dont start planning the next one at 100% full. And in this virtual scenario, at 80% gives them enough green light data... Of course a lot of factors into "fill rate." And "80%" in a vacuum means squat. "We kept prices high earlier because we figured we could always lower them later to fill it."

Indeed, its a poker game. Your city could have a unemployment rate of 10%, doesnt mean a new factory will build in your city without tax incentives. These programs across the country in similar sized towns get approved about 70 to 90% of the time. If your city only has one, two, three (We all just lost Epic) major developers building in your city, are you going to take a risk losing them? When the nearby town will gladly approve that major project that will take the bulk of their capital, planning, and time for the next three to five years?

Yeah also color me shocked a golf simulator owner is against a year round "Top Golf style." Which nearly every Grand Forks resident would love to have.

"Branding theater" "Wholesale prices"

If history tells us anything, probably pretty fast. Northridge has decades of knowledge in Grand Forks housing market. Its a pretty simple formula: build apartments. See how quickly it fills up based on rates, amenities. Ok its 80% full. Build a new one or two. Grand Forks is lucky to have them.

I don't believe its TIF. Just the normal, "if you spend and risk millions building this massive structure in our city, creating jobs, increasing available housing....we'll give you a break on your property tax bill." Its the same program cities use all over the country, including West Fargo, that advertise it on their website screaming "Come develop here!"

Parts & Repair shop. Doubt they'll add dealership. But maybe.

Yes. They aren't just giving out cash. This is a normal deal done thousands of times all over the country. People love to pretend to be outraged over nothing.

Yes

Minot airport really making the rounds on the national news....not the best ATC. No Radar + Private contractors = Might just be a recipe for disaster.

Normally I would tell you about supply and demand. But in this case, the city of Williston is paying airlines to fly to their city.

Yes. Smaller than GFK. Iirc we read "Devils Lake and TRF get new airline service." Then we read "Lose airline service" when federal dollars dry up. I love these programs... even more options nearby for flight travels in the Grand Forks area!

1) Minot is 30 more miles away than GFK and Hector. 2) Minot is more remote and historically has a more transient population (Minot AFB personnel, oil workers.) 3) Bismarck doesn't have nearly as high as airline service as Hector, making it easier to add flights to that area. 4) "The west" has a higher flying culture because of distance and terrain? No easy drive to MSP like the east does for more flight and leisure options...GFK and Hector still have to compete with MSP for passengers which "the west" does not. Less lake cabin (culture) to go to like everyone seems to have in GFK and Fargo area for vacations? Grand Forks even has a city of about a million people a little over two hours to its north competing for its flights and entertainment dollars.

That's not what anyone said, and you know it. Recognizing that Fargo boosts quality of life in GF doesn’t mean GFK has no value. It means we’re lucky to have both. No need to twist it into a fake argument.

I dont know the definition of "regional" but GFK operates day to day and it relies on $0 federal dollars.

Trolling? How is cheap flights in the backyard of GF trolling? Multiple flights to different cities across the country without having to drive to Minneapolis when Hector finishes expanding.. makes my life in Grand Forks a lot better! ...of course GFK isn't going to attract new flights long term when another major airport is so close!

Just makes sense. Because being one hour from each other it's basically the same market. (New higher speed limit on the interstate made the two cities even closer to each other now!) Those new flights Fargo got? Helped the quality of life for people in Grand Forks. GFers are excited about the new gates at Hector! Being so close to Fargo is one of the best perks not many other communities have.