Williston To Take Jurisdiction Over $500 Million Shopping Hub -- April 13, 2015

Bakken.com is reporting:

A Swiss company planning a $500 million development on Williston’s outskirts likely will need to get a building permit from the city rather than the county. 

The city has notified Williams County that it plans to exercise its 1-mile extraterritorial jurisdiction, meaning the Williston Crossing project proposed by the international real estate company Stropiq will fall under city jurisdiction. 

The Williams County Commission last week approved the project, but there was debate about the company’s chosen location. Williston Mayor Howard Klug said he wished Stropiq had chosen a site within city limits. Klug told the Williston Herald that the city’s move to exercise extraterritorial jurisdiction isn’t aimed at just that project, which is to include more than 1 million square feet of retail, entertainment, office and hotel space. 

“This is about the future of the city of Williston, and what’s going on in the extraterritorial jurisdiction,” he said. “If and when we annex it, we want to make sure it’s something we can bring into the city to our standards.” 

Klug cited as an example two crew camps located on property that the city recently annexed. They had to be retrofitted with expensive sprinkler systems and two of the camps were shut down after missing the deadline. One of them has sued.

Did anyone think this wouldn't happen? LOL.

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"No One Will Buy The Apple Watch"

Reuters is reporting:

Apple Inc is likely to quickly ramp up production of the Apple Watch after strong pre-orders outstripped limited supply.

Apple's website lists shipping times in June for some models, and four to six weeks for others, suggesting the company is straining to meet demand. 

However, analysts said Apple could sell between 2.3 million and 4 million watches in the quarter ending June.Apple was widely expected to disclose pre-orders on Monday, following its usual pattern after a product launch.

But Piper Jaffray analyst Gene Munster said this may not happen this time because of the supply issue.

"Overall we view the trends over the weekend as an indication of solid demand paired with very limited supply, with supply being the most significant limiting factor," Munster said in a client note.

Munster, who thinks Apple will sell 2.3 million watches in the April-June quarter, expects the company to ramp up production between mid-May and June.