Port Authority approves loan to NextGen RF Design for assistance in relocating to North Mankato

By |2018-08-21T13:02:08-05:00August 21st, 2018|

A radio frequency research and product development company based in Waseca is moving to North Mankato and the business says it will open doors for new opportunities. The North Mankato Port Authority approved a business subsidy loan of 300-thousand dollars on Monday night to NextGen RF Design, Inc. Members approved the loan to be repaid over 15-years with an interest rate of 4-percent. Equity and bank loans will help cover the rest of the project, which is estimated at 1.3-million dollars to purchase the building at 2130 Howard Drive and make necessary improvements. CEO Luke Tholen says they plan to move [...]

Port Authority receives $13,000 offer for lot behind Spinners, expansion in the works

By |2018-06-19T12:38:45-05:00June 19th, 2018|

The North Mankato Port Authority has received an offer on a piece of property behind Spinners Bar and Grill for future expansion. City Administrator John Harrenstein says the offer for the lot at 315 Range Street was 13-thousand dollars. The lot at 315 Range Street. "To be payable in two payments. There will be some earnest money placed down upon execution of the purchase agreement. The sum of $6,250 will also be paid when the contract is executed. Then the same sum due by August 2 for the property." Officials set a public hearing for July 2 on the sale [...]

North Mankato Port Authority, Spinners working on sale of land for green space

By |2018-05-08T12:23:22-05:00May 8th, 2018|

The North Mankato Port Authority is in negotiation with Spinners Bar and Grill to sell the property at 315 Range Street for future expansion of the business. Owner of Spinners Clay Oachs says they plan to spend between 20 to 25-thousand dollars to develop green space behind the current facility. "Tearing up the old concrete slab, putting a new patio in. Pouring new concrete for the refuge to be able to move. Running new electric out to a stage, a band stage, then I'd actually like to put some shelter, some shade back there too." City Administrator John Harrenstein says the [...]

Go to Top