With the exception of Lakes Region EMS and a county Public Health Department building, the North Branch Interstate Business Park is vacant, which is why the city has been so excited to welcome a major pontoon manufacturer to the area.
When or if that will happen is now uncertain, as Premier Marine, which was looking to move from its multiple buildings in Wyoming and build a single facility in North Branch, has filed Chapter 11 bankruptcy protection.broadstreet.zone(48036);
The filing was made in United States Bankruptcy Court June 19.
According to information from the United States Courts website: Chapter 11 “generally provides for reorganization, usually involving a corporation or partnership. A Chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in Chapter 11.”
According to court records and Trade Only Today, an online source for news
Skip to content
News and other stories about real people, places, and events in Forest Lake and nearby suburbs.