MAGIC Fund Approves $1.69 Million Request

Minot's MAGIC Fund committee voted today to approve nearly one-point-seven million dollars for in...  More »

Minot's MAGIC Fund committee voted today to approve nearly one-point-seven million dollars for infrastructure work on phase two of the 'Great Plains Energy Park' on Minot's east side. Minot Area Development Corporation president Jerry Chavez made the request early this morning and that request was granted by a unanimous vote. The full city council will now vote on it at its next meeting October 6th. Phase one of the project is almost complete with energy companies already scooping up the land and constructing buildings. Phase two is larger and will bring in more money. Land is double the price in phase two that means the one-point-six-nine-six million dollars from the MAGIC Fund would come back to the fund once companies are secured and land is sold. Chavez says the Energy Park continues to be a plus for the city and the speed at which it came together...less than one year...is remarkable. (Jerry Chavez, Pres. - Minot Area Development Corporation) It is quite amazing how fast we were able to deliver that. We can make the same delivery and same commitments on phase two. We will solidify the engineering costs and the design within the next week and my hope is to let those bids out if we have support from the MAGIC Fund committee and the city council. Chavez says he has already received verbal commitments from companies interested in the land made available by phase two of the project. The vote to approve was 5-0.  « Less