March 9, 2012

Developer cuts ties with ND Investments

Developer cuts ties with ND Investments

By Jerry W. Kram

Michael Wells, a Las Vegas based developer who is developing a number of projects in Parshall and New Town, has severed his ties with North Dakota Investments after that group allegedly failed to follow requirements of North Dakota law.
Wells said there was no longer any relationship between his group and North Dakota Investments, which is led by Larry Rodarte. North Dakota Investments had been managing the restaurant in the Rockview Plaza, which was called the Pantry until it was evicted by the Parshall 2000 group which owns the building. Kenton Onstad, speaking on behalf of Parshall 2000, said the company hadn’t bothered to get insurance or licenses before taking over the business.
Wells said North Dakota Investments hadn’t even bothered to register as a business with the North Dakota Secretary of State’s office. This, along with the irregularities in the management of the restaurant led him to break ties with Rodarte.
 


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