The City of Minot is moving to recoup $350,000 in taxes tied to a southwest development that never lived up to its end of a Tax Increment Financing agreement. After progress at The Tracks stalled—and developers signaled they won’t build the promised[...]
Tag: EPIC Companies
News |
Stalled southwest project puts city TIF incentive in question
A once-promising development on Minot’s southwest edge has hit a wall. The city says The Tracks project — a high-profile EPIC Companies venture near Trinity Health — has defaulted on its tax incentive agreement and stalled midstream. What began as a vision[...]
Commentary |
Herald Opinion: What should be done with the (formerly Epic) stalled Beacon plaza?
In Grand Forks, the empty shell of the Beacon project has become more than an unfinished construction site — it’s a question mark hanging over the city’s future. After the collapse of Epic Companies, local leaders are debating whether to take ownership[...]
News Release |
State Issues Stop Order Against EPIC Management, LLC and Todd Berning
BISMARCK, N.D. – Insurance Commissioner Jon Godfread has issued a Stop Order against EPIC Management, LLC and its executive officer, Todd Berning, requiring them to immediately cease the offering or selling membership interests in the company. The Insurance & Securities Department has[...]
News |
Buyer sought for Minot’s eight-story Big M building
Minot’s iconic “Big M” building—a vacant, eight-story former bank—has been stripped to its shell and relisted for sale. EPIC Companies bought it in December 2021 and began converting it into mixed-use space but filed for bankruptcy last year. The city and school[...]
Subscribe!
It's free and it helps us grow and provide better information ForMinot!
News |
North Dakota Securities investigating Epic Companies founder Todd Berning, associates
Legal pressure is tightening around Epic Companies and its founder, Todd Berning. Once a prominent player in redevelopment projects across North Dakota, Epic’s collapse last year led to a wave of lawsuits and bankruptcy filings. Now, the state’s Securities Department has opened[...]
News |
Foreclosure case involving former EPIC CEO headed for trial
A high-profile foreclosure case tied to the former CEO of EPIC Companies is headed to trial in Ward County on February 2, 2026. Bravera Bank is seeking nearly $3 million in unpaid mortgage payments from Henry Land Holdings, a subsidiary of EPIC[...]
News |
Efforts underway to keep EPIC projects alive
In Minot, two ambitious development projects are finding their footing amidst financial turbulence. The Big “M” building and The Tracks—a mixed-use development near the new Trinity medical campus — are both moving forward despite EPIC Companies’ bankruptcy. There is renewed construction at[...]
News |
Collateral Damage from Epic Collapse Collects Minot Country Club and NDSF Foundation
It’s been a little more than half a year since the epic collapse of the Epic companies hit the news. The fallout continues. Minot journalist Rob Port, who writes for Inforum.com, has the story — or what he can make of it[...]
News |
Minot Projects Spur Questions on TIF Law Interpretations
When should a City approving a Tax Increment Financing District be forced to notify the other local tax entities like school districts, counties, and park districts that they’re going to excuse property taxes for public improvements? And do other tax entities have[...]
Subscribe!
It's free and it helps us grow and provide better information ForMinot!
News |
EPIC Companies acquires Fargo Holiday Inn, Holiday Inn Express hotels
West Fargo-based EPIC Companies has been making a splash around North Dakota for several years. They were recently approved for a significant TIF and development project here in Minot near the site of the new Trinity hospital. News out of Fargo has[...]