The Crookston Housing
and Economic Development Board met this morning at the Valley Technology Park.
Board President, Kurt Heldstab administered the Oath of Office to city
councilman Steve Erickson (new Board member) and to Amanda Lien and Chris Bates
(ex-officio board members).
Craig Hoiseth stated that Cycle of Threads is currently for sale. While Cofe’/Cycle
of Threads is current on their revolving loans with CHEDA, lack of cash flow has
been an issue for them. Paul Eickhof stated that it is a beautiful store, but
that is a testament of how difficult it is to start a business in Crookston and
make it successful. Chris Bates stated that the issue is volume – a small
business simply can’t sell enough of a certain product to make it. After
considerable discussion, Craig Morgan suggested freezing both the interest and
principal on the two loans to Cofe’/Cycle of Threads until October 1. The Board
voted to approve his motion.
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SPORTS ON KROX
(G Hockey) Park Rapids at Crookston - pre-game
(Boy's BB) Crookston at Bemidji - 7:30 PM