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City of Crookston Giving Away $425,000 Worth of Land - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

City of Crookston Giving Away $425,000 Worth of Land

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  The City of Crookston has put a new spin on an idea that was used to settle this Country. It's giving away $425,000 worth of housing lots.

  Craig Hoiseth, Economic Development: "Today is the launching of a program in Crookston Called the Crookston Homestead Act."

  By the time City Hall opened at 8 a.m., four people were already in line.  …up for grabs are 17, free housing lots.

Eric Griffin, FREE LOT FOR HOME: "Yeah, it's a great opportunity."

Reporter: "You'll be money ahead?"

Griffin: "I think so. I think it's a great investment."

  A realtor says Bank Forward is building in the corner lot on the northeast corner of Crookston, new homes built on free lots will line the rest of the street.

  Lots next door are going for $25,000. The only thing purchasers need to do in this deal is put down $500, which will be returned if they build their new home within 18-months."

Craig Hoiseth, Economic Development: "The $500 will be given back to them for the building costs, building permits, closing costs, those type of thins. So really, the $500 is just a down payment that will be given back."   

 Craig Theede has been commuting from Grand Forks to Crookston, where's he's opened a new, Chiropractic office. Now, his family will be moving to Crookston, after his home is built on the free lot he picked up today.

Craig Theede, FREE LOT FOR HOME: "Started a business here in Crookston."

Reporter: "So, build a house and get a free lot?"

Theede: "Absolutely, it's a good deal."

Craig Hoiseth, Economic Development: "Crookston is a great community to live in and this is a great opportunity to get yourself $25,000 of equity in your house."

  Hoiseth is betting more and more people will take advantage of their Homestead Act and live in Crookston.

 

  If you're interested, contact the Crookston City Hall.

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