Travois New Markets served as consultant and brought $3.7 million in equity from Wells Fargo, which also provided an additional $9.1 million in construction financing to build and manage the 48,852-square-foot Community and Government Services Facility. A fire destroyed the Bois Forte Band’s previous facility. This new energy-efficient building houses a credit union, home health care, emergency services, governmental services and meeting space.
At a Glance
- Native Organization: Bois Forte Band of Lake Superior Chippewa Indians
- Date Closed with Investor: 2009
- Date Completed: 2010
- Development Type: Community Center
- Project Status: Complete
- Total Investor Equity: $3,752,000
- Total Project Cost: $12,800,000
