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Grand Forks' corporate centers have attracted a handful of suitors thus far


Grand Forks’ corporate centers have attracted a handful of suitors thus far
For years, Grand Forks leaders have anticipated selling the city s two corporate centers. A sale may be forthcoming this summer, and a handful of people have expressed an interest in buying one or both of the buildings, but city staff have yet to formalize a process for that sale.
7:00 am, Apr. 6, 2021
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Part of the Corporate Center in downtown Grand Forks. (April Baumgarten/Grand Forks Herald)
A handful of potential buyers have kicked the tires on Grand Forks’ two publicly-owned corporate centers, but city administrators still have to put together a process by which they’d evaluate offers on either or both buildings and, ultimately, sell them. ....

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MAGIC Fund enters 2021 with cash cushion | News, Sports, Jobs


Mar 3, 2021
Minot’s MAGIC Fund listed more than $10 million in assets at the end of 2020, although that includes some restricted funds and an outstanding loan that the city is in court to try to collect.
The Minot City Council received the report of the MAGIC Fund Screening Committee at its meeting Monday.
The $10 million in assets includes $750,000 committed to Souris Basin Planning Council for a business revolving loan fund and $24,341 remaining from $300,000 set aside for development of a communitywide branding strategy. It also included a $1 million overdue loan repayment from parking ramps developer Cypress Development.
The city terminated its agreement with Cypress in March 2018 after finding the developer in default on about $3.53 million, which included $1.75 million in loans, plus interest. ....

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