North Dakota
NextEra fertilizer plant gets additional $75M as Dickinson project withdraws, forfeiting loan
BISMARCK — The NextEra hydrogen-based fertilizer production plant will move forward in Stutsman County, getting the full benefit of a $125 million state forgivable loan after a second fertilizer project decided not to move forward, forfeiting its share of the loan.
The North Dakota Industrial Commission in January approved a $50 million loan for NextEra Energy Resources Development for a plant near Spiritwood, east of Jamestown in Stutsman County, and $75 million to Prairie Horizon Energy for a plant near Dickinson.
Prairie Horizon, a partnership of Marathon Petroleum and TC Energy, has decided not to pursue the project, meaning the full $125 million forgivable loan will go to NextEra, the Clean Sustainable Energy Authority, a division of the Industrial Commission, announced Monday, March 4.
Florida-based NextEra has built multiple wind energy projects in North Dakota and will use wind energy for its fertilizer production plant, making it a zero-carbon producer of fertilizer. The plant is projected as a $1.3 billion project.
“Providing a secure and in-state supply of nitrogen fertilizer would create cost and supply stability in North Dakota, inviting further fertilizer production investment in the state with potentially billions of dollars of total investment in the sector,” NextEra said in its loan application with the state. “This would position North Dakota as not just a national leader in clean energy agriculture, but a global leader.”
Additional fertilizer production has become a priority in North Dakota, which largely imports chemical fertilizers from other countries to boost yields for corn, wheat and other crops.
Global conflicts have made for volatile fertilizer prices in recent years, making it difficult for farmers to plan.
NextEra’s application says it plans to begin construction in 2025, finish construction in 2028 and be operational in 2028 or 2029. The project needs to be operational before the loan will be forgiven.
“NextEra is one of the few companies in the industry that has the flexibility to initially fund the development and construction of a project of this size using our balance sheet and do not need to rely on third-party financing,” the company’s application said.
The company says it would generate hundreds of jobs as the project develops in multiple phases.
The project would start with ammonia with plans to expand to other nitrogen-based fertilizers, including urea.
The fertilizer loan was authorized by House Bill 1546 during the November 2023 special session. The bill required the production of hydrogen “by the electrolysis of water” in producing fertilizer.
The Clean Sustainable Energy Authority had two independent reviewers score the projects as part of the application process.
Those scores were ranked into categories of “good,” “fair” and “questionable.” Both the reviews for the NextEra plant fell into the “questionable” category. One review of Prairie Horizon was high enough to be rated “good,” the other “questionable.”
Members of the authority also gave the Prairie Horizon plant a higher score and recommended the greater share of the funding to Prairie Horizon.
The Industrial Commission concurred with that recommendation in a Jan. 24 meeting. The companies then had 30 days to accept the funding through the Bank of North Dakota or forfeit its share to the other project.
Prairie Horizon, in a letter to the Bank of North Dakota and the Industrial Commission said “it is unable to commit to the technology requirements” of the loan and said it would like to see future incentive programs be “technology agnostic.”
This story was originally published on NorthDakotaMonitor.com
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North Dakota
North Dakota Horse Park gets finances on track as 2025 season takes shape
FARGO — Slowly, the North Dakota Horse Park in Fargo is growing its live horse racing meet and for the first time in nearly a decade, the organization that runs the track is not scrambling to make the tax payment that once loomed over it.
The Fargo track is operated by Horse Race North Dakota, a nonprofit organization that contributed when the track was built in 2003.
At a meeting of Horse Race North Dakota on Friday, Dec. 20. Cindy Slaughter, accountant and co-owner of TaxLady, which contracts with Horse Race North Dakota, said the track’s overall income is up about $93,000 from this time last year.
A fourth weekend of racing cost the track about $148,000 this year. However, that cost can be offset in the future by factors such as attendance and the amount bet on the races.
“There’s a couple of things we could do differently this year to reduce that amount,” North Dakota Horse Park General Manager Hugh Alan Drexler said.
While Drexler and HRND will look to decrease costs, they will not try to do that at the expense of the horsemen, as they hope to keep purses for each race flat or increase them in 2025.
“I don’t want to cut the purses at all, that would be the last thing we would cut,” HRND President Jay Aslop said.
“That is what our goal is, to promote racing and to increase race dates,” Drexler said. “The day the finances don’t look the same, that is when we need to make a change.”
Live racing receives additional funds from the North Dakota Racing Commission. The commission will meet in February to determine the amount of funds that will be granted to the Fargo track as well as Chippewa Downs, the second horse racing track in North Dakota near Belcourt.
Overcoming financial struggles
Heavy special assessments loomed over the North Dakota Horse Park for several years after it opened.
In 2003, the city of Fargo spent $1.5 million to extend sewer, water and other infrastructure to the track. The city planned to recoup the costs with special assessments, a kind of property tax assessed to benefiting properties, but the city agreed to suspend the assessments for five years in hopes that the race track would stimulate the development of commercial and residential properties. This would spread the assessments over more property owners and create a smaller bill for the track, which in 2015 was about $1.9 million.
The track is now in repayment of its taxes, making annual payments to the city of Fargo, and accountants are confident a fourth weekend of racing in 2025 will not adversely affect the track.
“I don’t have any concerns about running a fourth weekend this year,” Slaughter said.
Horse racing will be held at the Fargo track in 2025 over four weekends, likely July 12 through Aug. 3, track officials said.
“(It will be) some combination of either Friday, Saturday or Saturday, Sunday depending on what other events are going on in the area,” said Drexler.
In 2024, attendance at the Fargo track was up overall with about 8,358 in attendance over the eight race days, up from about 8,127, in 2023.
The Fargo track held horse races on Saturday and Sunday afternoons for four consecutive weekends, starting Saturday, July 13. The weekend of July 27-28, races were held in the evening so as to not compete with the Fargo AirSho. The horse park competed for attendance each weekend as the Fargo Street Fair, Red River Valley Fair and the Renaissance Fair overlapped the schedule. The horse park’s closing weekend coincided with WeFest.
The track hosted only three weekends of racing in 2022 and 2023, as it was constricted to operating expenses and the amount of money granted for a live season by the North Dakota Racing Commission. The Fargo track hosted a four-week meet in 2021 but held only two weekends in 2020.
North Dakota
Sports Spotlight: Ben DeForest
BISMARCK, N.D. (KFYR) – Bismarck High Wrestlers win a lot of titles.
“We’re striving for a state championship, that’s where the bar is set,” said Bismarck High Wrestling head coach Mark Lardy.
Three of said titles belong to the top-ranked 133-pound wrestler in North Dakota, Ben DeForest.
Now, Ben’s going for number four.
“It would mean everything to me,” said Ben DeForest. “There have been some great wrestlers from BHS that have been four-timers it would just mean a lot for me to add my name to that list.”
”He led a lot by example in the past,” said Lardy. “Now he leads not only by example but his voice in the room is heard.“
Even when his BHS days are over, Ben has another chapter to write in his story: He’s committed to Wrestle at UMary.
“We pride ourselves on trying to keep and retain as many local North Dakota kids here at U-Mary and we’re just very thankful that Ben chose to come here and wrestle for us as well,” said U-Mary Wrestling head coach Adam Aho.
The state champ has a bigger goal in mind.
“His goal is way beyond what our room is going to give him. This is just a stepping stone,” said Lardy.
Ben wants a national championship.
“We need every guy to have that type of mentality,” said Aho. “Without it, we will never be relevant on the national scene.”
”Once you get your hand raised you realize, all those morning practices you didn’t want to go to and all those lifts that you were like, uh I don’t know, it’s worth it. It’s worth it,” said DeForest.
Copyright 2024 KFYR. All rights reserved.
North Dakota
My Heartfelt Christmas Wish To You North Dakota
My Heartfelt Christmas Wish To You North Dakota.
Not a “catchy-clicky” title and I doubt many of my listeners or readers will probably even read this article.
However, I wanted to share something with you that is on my heart. This is so not me, as I’m more the guy who writes about “North Dakota’s 10 most quirky this and that”.
It’s not that I’m not a sensitive guy, because when I was growing up, I was probably too sensitive. I would avoid sad movies, songs, or anything that would spark too much of an emotion.
Yes, you could say my heart has become a bit jaded and cold over the years. It’s not something I’m proud of but more of a defense mechanism.
2024 has probably been one of the most challenging years for my family.
From losing loved ones to family issues to health issues to very challenging financial times, it’s been one of those years where you just can’t catch a break. I’m sure many of you can relate.
As we were attending a Christmas Eve candlelight service last night a young child caught my eye.
She was a cute little toddler who was starting to act up. Something I remember oh so well at church with my little now 20-year-old son.
As her father took her outside the sanctuary to attend to her, I couldn’t help but notice this child’s extremely unfair situation. She had a disability at a year or so old, that none of us could ever imagine. It broke my heart.
This poor child and her family no doubt have a long road ahead of them. As we lit our candles later in the service, I caught the wonder in her eyes, and it couldn’t help but melt my cold heart at the time.
She was perfect and I found myself saying a prayer for this little blonde girl with curly locks and her family.
Her situation also reminded me that I should be thankful for what I have and not what I don’t this Christmas. This is my Christmas wish for you North Dakota, that you will realize the same thing.
Be thankful for who you have around the tree today, not what’s under it.
Merry Christmas to all my listeners and readers. I hope at least a few of you get to read this and it will touch you the same way this little girl touched me on Christmas Eve.
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Gallery Credit: Stephen Lenz
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