Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Construction to begin on New Red Lake Retail Center

 

Harvey Roy III, CEO of Ogaakaaning Enterprises and Red Lake Retail Center, Inc. is excited to announce that construction will soon start for the new Red Lake Retail Center. The new Retail Center will be 26,803 square-feet and will include a fuel station, a restaurant, and new Laundromat.

The interior will include a larger deli, a larger produce section, new butcher shop, and space to include hundreds of new retail items that couldn't be sold in the store we currently occupy because of space limitations.

The new facility will be over three times as large as our current building, and will be located across the street from our current store. The overall goal has always been to stimulate our own economy and provide more products and services to our Tribal members. The new store will also increase jobs for our members.

The total cost of the project is roughly $10.4 million dollars and has been funded using a U.S. Department of Agriculture guaranteed loan and the New Market Tax Credits Program, which is administered by the U.S. Treasury Department. Native American Bank will be the principal lender of the project. Red Lake Builders, Inc. will be the General Contractor of the project.

 

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