Property values skyrocket in northwestern ND city
MINOT, N.D. (AP) — Minot officials say property values within the northwestern North Dakota city have doubled in the past 10 years.
A financial report shows that the city's 2010 valuation was more than $2.56 billion, up from $1.31 billion in 2001.
Valuations increased about 12 percent from 2009 to 2010.
Officials tell the Minot Daily News that while the figures are partly a reflection of inflation, it shows the city's significant growth and confidence in the economy.
The report cites the oil boom as a key factor, but notes that energy isn't the only industry making a mark in the city.