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Wednesday, June 15, 2011

Is Annabelle Homes of Minneapolis "Betting the Farm" on the Bakken?

With the housing market essentially moribund nationwide, it almost appears Annabelle Homes of Minneapolis is "betting the farm" on the Bakken.
The Minot Daily News reported that Minneapolis-based Annabelle Homes could have projects under way this summer in Columbus, Plaza and Kenmare, and is visiting with officials in Tioga, Crosby, Watford City, Velva and Berthold about potential projects in those communities.
If Annabelle is making decisions based on solid consulting analysis, this speaks volumes.

Search this blog for other Annabelle stories and you will see where I am coming from.
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2 comments:

  1. AnonymousJune 18, 2011 at 11:13 PM

    I agree with you on this one. I am afraid they are being a little agressive. Supposedly they are not asking for any financial assistance from the towns, but I question the number of homes they plan to build in some fo the communities. Most people moving to the area are used to larger cities than even the larger towns we have in ND. I am thinking more people will be drawn to the larger towns like Williston and Dickinson (that have better services, like hospitals, clinics, police, grocery stores, etc...) to bring their families. But I could be wrong.

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  2. Bruce OksolJune 19, 2011 at 4:19 PM

    You are so correct. It will be a rare family from Texas that commits to moving to towns smaller than Tioga, --- especially after their first winter ...

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