Grand Forks Park District officials anticipated Thursday that they would wrap up the sale of bonds that would allow a $24 million project. However, by the time they met in late afternoon, the interest rate had climbed to 4.1 percent, meaning an extra $1.7 million cost to the project.
After a brief dispute over who’s supposed to pay for what, the Grand Forks City Council decided Monday to lend the Park District $30,000 to help with cost overruns on a bike path along the English Coulee.
After more than 25 years “out of the game,” City Council President Hal Gershman said today that the Alerus Center is doing well with attracting conventions to Grand Forks.
Gershman and officials from the county, the school district and the park district held their quarterly meeting Wednesday to update one another on what’s happening in their local government.
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