latest articles

Xcel to Add Up to 250MW in Wind Power

The company hopes to expand its current wind production as it takes steps to meet federal standards that require electric utilities to derive 12 percent of energy for Minnesota consumers from renewable sources by 2012.

MN Lands 2 Hosting Gigs Expected to Bring in $44M

The U.S. Open Racquetball Championships will be moving in October to Minneapolis from Memphis, Tennessee, and the 2015 Summer National Senior Games will be held at venues in Minneapolis, St. Paul, and Bloomington.

TCB Names Dale Kurschner as New Editor

Kurschner will replace longtime editor Jay Novak, who also served as the magazine's publisher; associate publisher Shelly Elmore has been selected as the magazine's new publisher.

Ex-Petters Employees Asked to Pay Back Bonuses

About 70 letters requesting amounts of up to $2 million were reportedly sent out to former employees of Petters Group Worldwide; the money will be used to help repay investors who lost money in Tom Petters' multi-billion-dollar fraud scheme.

Grand Hotel Sale Resumes, Purchase Price Lowered

Pebblebrook Hotel Trust said in a Friday regulatory filing that it will pay $33 million to acquire the Minneapolis hotel-$3 million less than the $36 million price it originally agreed to pay before "significant and unanticipated matters" that it became aware of during the summer.