Business is booming in North Sioux City. Local leaders say the last year and a half has been great for the South Dakota community. They point to the Alorica call center, which has grown from 80 employees in 2006 to 800 employees today. Also, Hepar BioScience is working on a $25 million facility. MARS Petcare's recently completed a $5 million wastewater plant, and Sand Creek Post & Beam is adding 20 new jobs.
That economic boom has created a need for housing and the Sioux Falls-based Dunham company is answering that need. The company is building a $4 million apartment complex off North Sioux Point Road. Called Cedar River Valley Apartments, there will be 65 one and two bedroom units. If those are successful, the company hopes to build more.
Sioux City and Penn National Gaming reached an agreement to extend the lease for the Argosy Casino. After months of negotiating, the two sides announced Wednesday that when the current lease expires at the end of January, it will be extended for another year with the same terms. After that, it could be extended for another 18 months at a higher riverfront rental rate. The city collects about three percent of Argosy's adjusted gross revenue under the current contract.
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