HoopsFan03 Posted May 20 Share Posted May 20 2 hours ago, SIOUXFAN97 said: are they the ones building those towers at the old muddy rivers downtown? Yes. The worst RE management company to exist. The worst company and the worst people. Slimy, scummy, crooks. Not a surprise one bit that this is happening. (Sorry. I had to get that off my chest lol ) 3 Quote Link to comment Share on other sites More sharing options...
SIOUXFAN97 Posted May 20 Share Posted May 20 8 minutes ago, HoopsFan03 said: Yes. The worst RE management company to exist. The worst company and the worst people. Slimy, scummy, crooks. Not a surprise one bit that this is happening. (Sorry. I had to get that off my chest lol ) could this bethe reason why there has been very little activity going on on the outdoor theatre area? the steel structure has been up for a while but nothing for weeks...? Quote Link to comment Share on other sites More sharing options...
tnt Posted May 20 Share Posted May 20 44 minutes ago, SIOUXFAN97 said: could this bethe reason why there has been very little activity going on on the outdoor theatre area? the steel structure has been up for a while but nothing for weeks...? Weren't they soliciting investors for the project even after it had begun? Quote Link to comment Share on other sites More sharing options...
SIOUXFAN97 Posted May 20 Share Posted May 20 3 minutes ago, tnt said: Weren't they soliciting investors for the project even after it had begun? not sure....just hasn't been too much work going on there when i bike by.... i know bloom beauty bar is going in there on the first or second floor...wonder if that is still the plan? Quote Link to comment Share on other sites More sharing options...
NDSU grad Posted May 21 Share Posted May 21 EPIC also has two large projects ongoing in Minot and they also run the Norsk Hostfest. Be interesting to see what happens with all that. 1 Quote Link to comment Share on other sites More sharing options...
The Sicatoka Posted May 21 Share Posted May 21 So much for the state's largest waterpark (where they tore out softball fields along 45th in Fargo). Quote Link to comment Share on other sites More sharing options...
Oxbow6 Posted May 21 Share Posted May 21 On 5/20/2024 at 11:30 AM, UND08 said: Just the tip of the iceberg my friend...just the tip of the iceberg... 100% correct Bernie Madoff is currently sitting up in his grave applauding what EPIC has going on. 2 2 Quote Link to comment Share on other sites More sharing options...
RhettRingers Posted May 21 Share Posted May 21 3 hours ago, Oxbow6 said: 100% correct Bernie Madoff is currently sitting up in his grave applauding what EPIC has going on. What do you guys know? 2 Quote Link to comment Share on other sites More sharing options...
SIOUXFAN97 Posted May 22 Share Posted May 22 yep...bloom beauty bar backed out of their contract bc no work had even been started and they were planning on moving in in late June.... Quote Link to comment Share on other sites More sharing options...
UNDBIZ Posted May 22 Share Posted May 22 https://www.grandforksherald.com/news/local/city-business-leaders-want-more-data-centers-in-grand-forks-what-does-that-mean While much of the country is reevaluating support for data centers due to the increased electrical costs they push onto residents, Grand Forks appears to be pushing for more. Quote Link to comment Share on other sites More sharing options...
The Sicatoka Posted May 22 Share Posted May 22 49 minutes ago, UNDBIZ said: https://www.grandforksherald.com/news/local/city-business-leaders-want-more-data-centers-in-grand-forks-what-does-that-mean While much of the country is reevaluating support for data centers due to the increased electrical costs they push onto residents, Grand Forks appears to be pushing for more. Watch to see if GF-based Minnkota Power is in support or not. That's the tell. Quote Link to comment Share on other sites More sharing options...
Kab Posted May 22 Share Posted May 22 Be careful what you wish for ask MDU customers around Williston what they think of the data mining center there. rates go up this month because of the amount of electricity they use and the lack of transmissions lines. Residents complain of the noise too. 1 Quote Link to comment Share on other sites More sharing options...
SIOUXFAN97 Posted May 22 Share Posted May 22 only 10 million and "they" will name the childrens museum after you where is @gfhockey and his w2's Quote Link to comment Share on other sites More sharing options...
nodakvindy Posted May 22 Share Posted May 22 4 hours ago, UNDBIZ said: https://www.grandforksherald.com/news/local/city-business-leaders-want-more-data-centers-in-grand-forks-what-does-that-mean While much of the country is reevaluating support for data centers due to the increased electrical costs they push onto residents, Grand Forks appears to be pushing for more. a lot of the electricity goes to cooling. You can open the doors 8 months of the year in GF and accomplish that. 1 Quote Link to comment Share on other sites More sharing options...
ChadR Posted May 28 Share Posted May 28 On 5/21/2024 at 3:45 PM, RhettRingers said: What do you guys know? Any EPIC updates? Quote Link to comment Share on other sites More sharing options...
SIOUXFAN97 Posted May 28 Share Posted May 28 7 minutes ago, ChadR said: Any EPIC updates? u would think this is a big enough story that he heraldo could report something almost every day or so considering the money in just the gf towers project. Quote Link to comment Share on other sites More sharing options...
ChadR Posted May 28 Share Posted May 28 10 minutes ago, SIOUXFAN97 said: u would think this is a big enough story that he heraldo could report something almost every day or so considering the money in just the gf towers project. Shocked we haven't heard from any of the employees that are out of a job... 1 Quote Link to comment Share on other sites More sharing options...
jdub27 Posted May 28 Share Posted May 28 15 minutes ago, SIOUXFAN97 said: u would think this is a big enough story that he heraldo could report something almost every day or so considering the money in just the gf towers project. No one is talking (publicly) and the City doesn't have any money invested yet. Work site has been cleared out for 2 weeks now. I think there are people living in the at least one of the buildings so curious what has been communicated to them considering rent is due on the 1st. Investors are likely going to start talking next week if their monthly payments don't show up. Quote Link to comment Share on other sites More sharing options...
The Sicatoka Posted May 28 Share Posted May 28 I've heard they're searching for someone to run the day to day during a CEO's absence and that the investors are still looking to push ahead. Quote Link to comment Share on other sites More sharing options...
SIOUXFAN97 Posted May 28 Share Posted May 28 4 minutes ago, jdub27 said: No one is talking (publicly) and the City doesn't have any money invested yet. Work site has been cleared out for 2 weeks now. I think there are people living in the at least one of the buildings so curious what has been communicated to them considering rent is due on the 1st. Investors are likely going to start talking next week if their monthly payments don't show up. didn't the city promise or already pay a bunch of money towards finishing the outside amphitheater part? Quote Link to comment Share on other sites More sharing options...
Cratter Posted May 28 Share Posted May 28 Just skim a little money off each of these megaprojects knowing the next projects investors/banks will pay for this ones shortfall... ? 2 Quote Link to comment Share on other sites More sharing options...
SIOUXFAN97 Posted May 28 Share Posted May 28 48 minutes ago, Cratter said: Just skim a little money off each of these megaprojects knowing the next projects investors/banks will pay for this ones shortfall... ? u could work in washington dc so easy with that mentality! Quote Link to comment Share on other sites More sharing options...
jdub27 Posted May 28 Share Posted May 28 48 minutes ago, Cratter said: Just skim a little money off each of these megaprojects knowing the next projects investors/banks will pay for this ones shortfall... ? I think that's how you get in trouble with mis-appropriation of funds.... 1 hour ago, SIOUXFAN97 said: didn't the city promise or already pay a bunch of money towards finishing the outside amphitheater part? From what has been reported, there were benchmarks that needed to be hit before the City started paying out money and none of those benchmarks had been hit yet. Quote The funds won’t be disbursed until $2.5 million is deposited by the developers to the bank managing the funds, a sworn statement from the contractors is completed, and the loan being taken out by the developers is finalized. The developers were always going to receive the $1.1 million in funds, the main thing that is changing is the timing. The city, per the development agreement, would’ve reimbursed the developer for the cost of constructing a public plaza. Under the tax increment financing agreement, the property taxes for the site would’ve gone towards revenue bonds that pay for said reimbursement. According to the tax increment financing agreement, or TIF, when two of the three structures were issued certificates of occupancy the the public plaza property title would transfer to the city and the city would then reimburse the developer for the construction. 1 Quote Link to comment Share on other sites More sharing options...
Cratter Posted May 29 Share Posted May 29 23 hours ago, jdub27 said: I think that's how you get in trouble with mis-appropriation of funds.... If I was a betting man, "misappropriation of funds" is how I'd bet they got themselves in this mess. 2 Quote Link to comment Share on other sites More sharing options...
Kab Posted May 29 Share Posted May 29 Where are the auditors that should have caught this don’t cities require audited financials ? Quote Link to comment Share on other sites More sharing options...
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