Saint Peter Food Co-op receives approval of mortgage subordination, paving way for $580,000 renovation

By |2018-08-28T14:38:50-05:00August 28th, 2018|

The Saint Peter City Council has signed off on a recommendation by the Economic Development Authority to subordinate the current mortgage for a growing business that is looking to expand. In the process of securing a 500-thousand dollar loan from CCF Bank for a remodel, the request from St. Peter Food Co-op was approved by council members on Monday. It will be the second major renovation of the building along Highway 169, which underwent over 3.3-million dollars worth of improvements when the business relocated to the former Nielsen Chevrolet building in 2011. At that time, the council aided in financing the [...]