48,852-SQUARE-FOOT PROJECT RECEIVES FUNDING IN NETT LAKE, MINN.

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NETT LAKE, MINN. — Travois New Markets assisted the Bois Forte Community Redevelopment Corp. to secure New Markets Tax Credit (NMTC) funding for its new energy-efficient community and government services facility. Currently under construction in Nett Lake, the 48,852-square-foot facility will house community-meeting space, Bois Forte Tribal Government offices and a financial center such as a credit union or a bank. Wells Fargo placed a $3.7 million NMTC investment in the project along with an additional $9.1 million in construction financing. The loans will be used to construct and manage the property. Completion is slated for August 2010.

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