Closed grain elevator in northeast Nebraska could reopen soon - KTIV News 4 Sioux City IA: News, Weather and Sports

Closed grain elevator in northeast Nebraska could reopen soon

Posted:

PIERCE, Neb (US92/KTIV) - The President of the Pierce Elevator Inc. is in the process of finding an investment group in hopes of regaining managerial control of his Pierce, Nebraska grain business.

It's been a week since elevator president Brian Bargstad surrendered his licenses, his grain warehouse, and his grain dealer license to the Nebraska Public Service Commission.

That's after funding for the business was lost.

Commission officials says Bargstad is optimistic a group can be put together to help Pierce Elevator get on the road to recovery.

John Fetch, Director of Grain, Nebraska Public Service Commission said, "We are still willing to give him a week to do that. I just feel we need to allow that process to run its course. If it can happen that's fantastic. But also with the understand that he knows time is of the essence. If not, we need to move forward as a state regulator to follow our responsibility."

Fecht added he would like to think that, within the next week, if these individuals are really sincere, that they will make a commitment to fund the company.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KTIV Television Inc. All Rights Reserved.
For more information on this site, please read our Privacy Policy, Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Kathy Clayton at (712) 239-4100 x209. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.