Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Minnesota businesses booming along with North Dakota oil rush
http://www.twincities.com/business/ci_22794601/minnesota-businesses-booming-along-north-dakota-oil-rushOppidan is building a 118,000-square-foot commercial shopping
center in Watford City, anchored by a Cash Wise Foods -- part of St. Cloud-based Coborn's -- and a 42-unit apartment building.
Ryan isn't stopping there. He has two 36-unit apartment buildings in Williston, another oil boomtown, and a 180,000-square-foot shopping center under construction in Minot, also with a Cash Wise Foods, Cash Wise Liquor, Petco and Shoe Carnival slated as tenants.
All told, Oppidan has invested about $150 million in North Dakota's Bakken region, Ryan said, all since December 2011 when he visited the region looking for answers to some questions he had.
"The questions we asked were: Was this a sustainable economy? And was this something that was going to last into the future?" he said. He said he came away convinced that the North Dakota oil economy is "a 100-year-plus event" that will support the kind of development in which his company specializes.
center in Watford City, anchored by a Cash Wise Foods -- part of St. Cloud-based Coborn's -- and a 42-unit apartment building.
Ryan isn't stopping there. He has two 36-unit apartment buildings in Williston, another oil boomtown, and a 180,000-square-foot shopping center under construction in Minot, also with a Cash Wise Foods, Cash Wise Liquor, Petco and Shoe Carnival slated as tenants.
All told, Oppidan has invested about $150 million in North Dakota's Bakken region, Ryan said, all since December 2011 when he visited the region looking for answers to some questions he had.
"The questions we asked were: Was this a sustainable economy? And was this something that was going to last into the future?" he said. He said he came away convinced that the North Dakota oil economy is "a 100-year-plus event" that will support the kind of development in which his company specializes.
I hope N. Dakota is saving their money, because when this boom busts it's going to be epic.
1 replies
= new reply since forum marked as read
= new reply since forum marked as read
