Hotel developer backs away from Jamestown land dealJamestown, ND - The developer of a proposed Microtel Inn in the Interstate 94 Industrial Park has backed away from purchasing a lot from the Jamestown/ Stutsman Development Corp. The action was announced by JSDC CEO Connie Ova during its regular meeting Monday.
By: Keith Norman, Forum News Service, Jamestown Sun, Forum News Service
Jamestown, ND - The developer of a proposed Microtel Inn in the Interstate 94 Industrial Park has backed away from purchasing a lot from the Jamestown/ Stutsman Development Corp. The action was announced by JSDC CEO Connie Ova during its regular meeting Monday.
The JSDC had agreed to sell Shaw Development Group a lot during its September meeting. The purchase agreement included a requirement that construction on the project be complete within two years of the purchase agreement.
“John Shaw has changed his mind and will not be signing the purchase agreement,” Ova said. “He wanted a purchase option rather than a purchase agreement. Shaw has indicated he would look at other options in Jamestown.”
Ova said Shaw would be billed for the cost of preparing the purchase agreement.
In other business, Ova informed the JSDC board that Dakota Spirit AgEnergy had begun site preparation work for the ethanol plant at Spiritwood. She also announced the Spiritwood Energy Park Association was in the process of finalizing bids for the rail loop project that would serve DSA and possibly other projects at Spiritwood.
Deb Kantrud, South Central Dakota Regional Council executive director, said her agency is continuing to look at other office options. SCDRC currently shares the Center for Economic Development with the Jamestown Area Chamber of Commerce and the JSDC.
“We’re looking at all options,” she said. “It is tough with people in the hall and sharing offices. We are looking at what we need in three to five years but our challenge is in dealing with what we’ve got right now.”
An appraisal of the current building is underway. Options include the JSDC or chamber purchasing the space currently owned by SCDRC or the three agencies working together to locate a larger space.
Sun reporter Keith Norman can be reached at 701-952-8452 or by email at email@example.com