{"id":6613,"date":"2012-11-01T11:37:35","date_gmt":"2012-11-01T16:37:35","guid":{"rendered":"http:\/\/csinewsnow.com\/?p=6613"},"modified":"2012-11-01T11:38:04","modified_gmt":"2012-11-01T16:38:04","slug":"scheels-arena-reach-deal-with-creditors-reduce-debt","status":"publish","type":"post","link":"https:\/\/csinewsnow.com\/?p=6613","title":{"rendered":"Scheels Arena Reaches Deal With Creditors, Reduce Debt"},"content":{"rendered":"<p><a href=\"https:\/\/csinewsnow.com\/wp-content\/uploads\/2012\/07\/APblack.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-thumbnail wp-image-644\" title=\"APblack\" src=\"https:\/\/csinewsnow.com\/wp-content\/uploads\/2012\/07\/APblack-150x150.png\" alt=\"\" width=\"150\" height=\"150\" \/><\/a>FARGO, N.D. (AP) &#8211; The operator of Scheels Arena in Fargo has finalized a deal with creditors to slash the facility&#8217;s debt.<br \/>\n\u00a0\u00a0\u00a0\u00a0 Metro Sports Foundation treasurer Bruce Furness says the agreement cuts the arena&#8217;s debt from $23 million to $6.8 million. He says it was made possible by $8.5 million from a donor who has chosen to remain anonymous, banks agreeing to reduce their share of the debt and private lenders forgiving loans.<br \/>\n\u00a0\u00a0\u00a0\u00a0 Furness says the arena&#8217;s creditors view it as an asset to the<br \/>\ncommunity and want to keep it from failing. Arena General Manager<br \/>\nJon Kram says the facility will turn a modest profit after the deal<br \/>\nkicks in at the end of the year.<br \/>\n\u00a0\u00a0\u00a0\u00a0 The nonprofit Metro Sports Foundation runs the arena owned by<br \/>\nthe Fargo Park District.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FARGO, N.D. (AP) &#8211; The operator of Scheels Arena in Fargo has finalized a deal with creditors to slash the facility&#8217;s debt. \u00a0\u00a0\u00a0\u00a0 Metro Sports Foundation treasurer Bruce Furness says the agreement cuts the arena&#8217;s debt from $23 million to $6.8 million. He says it was made possible by $8.5 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":644,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-6613","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sports"],"_links":{"self":[{"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/6613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6613"}],"version-history":[{"count":2,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/6613\/revisions"}],"predecessor-version":[{"id":6615,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/6613\/revisions\/6615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/media\/644"}],"wp:attachment":[{"href":"https:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}