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The Ron and Don Show: What happened to THOR Construction in North Mpls?

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By BlogTalkRadio - The Ron and Don Show (producer statement) 

Tune in tomorrow, Saturday, January 19th at 9:30AM CST. 

1. On March 28, 2018, the Ron and Don  Show's broadcast: "Did a Minnesota construction firm build sub-standard Housing in Haiti?" interviewed Jack Johnston from Washington, DC about his story on he wrote about sub-standard housing being buildt in Haiti...some of the speculation was that THOR Construction might be in trouble. (http://www.blogtalkradio.com/theronanddonshow/2018/03/29/did-a-minnesota-construction-firm-build-sub-standard-housing-in-haiti?fbclid=IwAR0WG6znUKeySbqKLP-r5KXAPxYysjVCMcm8_o5twseIblAtTxbvi4bFGvI)

2. The Star Tribune published a story citing: 

"Thor Companies, the Minneapolis-based construction firm and the state’s largest minority-owned company, has run into financial trouble, only months after it celebrated its move into a new North Side headquarters partially funded by Hennepin County. Target Corp., which long has used Thor on store projects and holds a lease on Thor’s office space, has provided millions in assistance to pay subcontractors of Thor and forgiven nearly $300,000 in unpaid rent. On Tuesday, Hennepin County commissioners learned that liens had been placed on a building where Thor is set to transfer parking spaces to the county. Thor’s problems came to light in recent days after St. Paul-based Sunrise Bank, a Thor lender, moved to collect an overdue loan against the company in Ramsey County."

1/18/ 2019, the Star Tribune publish: "Thor Cos. sued by Sunrise Banks for $3 million; receiver sought," citing: "Thor does not have “sufficient liquidity to continue to operate,” and multiple creditors might attempt a “free-for-all” liquidation of the business." Why the lies?" Phone lines will be open at 9:30AM. 

 

 

 

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