Lake Preston

An apartment building under construction on June 13, 2023, in eastern Rapid City. (Seth Tupper/South Dakota Searchlight)

Seven housing projects get boost from long-delayed infrastructure program

BY: - September 12, 2023

A state board signed off Monday on the first grant dollars from a $200 million housing infrastructure program that had been mired in controversy through two state legislative sessions. Box Elder was the big winner at the September meeting of the South Dakota Housing Development Authority, at which seven applications for infrastructure grants were reviewed […]

Lt. Gov. Larry Rhoden, second from left, participates in a ceremonial groundbreaking for Gevo's Net-Zero 1 project near Lake Preston on Sept. 15, 2022. (Courtesy Lt. Gov. Larry Rhoden/Twitter)

State board backs bonds for Lake Preston biofuel project

BY: - May 10, 2023

A massive aviation biofuel project in Lake Preston got a $187 million boost from the Governor’s Office of Economic Development (GOED) on Wednesday.  GOED’s Finance Authority Board of Directors signed off on bonding of up to $187 million for Gevo Net-Zero 1 without any debate or discussion during its monthly meeting in Pierre.  The bonds […]