Gimse: Agreement reached with bank on loans, taxes now paid on development project land
September 24, 2010 at 7:00 pm in West Central Tribune
WILLMAR Gimse Brothers Inc., the land development and construction company co-owned by State Sen. Joe Gimse, has reached an agreement with the local bank that sued Gimse and his brother for defaulting on their business loans.
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Can’t run a business, but knows how to run the state.
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Anyone in the construction or housing industry would be struggling in this economy. Have you noticed that new housing starts are at an all time low. How would you run a business when no one is buying the product you are selling? Why throw stones just because you disagree with the mans politics. But I’m sure the company that you own is doing very well.
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I guess you missed the word sued by the bank. Business slow down is one thing, not working it out with the bank before the legal action was taken , is another thing.
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I agree Darla its one thing to fall on hard times because of economic times, but when you are being sued its more then likely due to the fact you refused to pay, or haven’t paid on the loan for sometime, without working out an agreement. I never voted for Gimise but what I have heard was his work in the senate was less then average. I couldn’t agree more with you Darla on your first comment.
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Add Monson into the mix and you get a real swell guy.
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