Minden Gateway Bankrupt

Trouble in Minden: the Minden Gateway Center, the big retail development at the corner of Hwys 395 and 88, has declared bankruptcy. They’ve been working on this center for over a year, but the only vertical construction so far is the Holiday Inn Express. The rest of the site has some of the parking lot paved, and utilities are in place, but all the pads are empty. All the work on the center lately has been focused on the hotel.

So what now? The developers are hoping that this bankruptcy filing will allow them to reshuffle their finances and actually work towards getting the center finished. But there may be some local contractors who end up not getting paid for work they’ve already done. Or the whole thing could fall apart, and it could end up being yet another weed-strewn lot.

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