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Hillsboro Development Group received $1 million interest-free loan for Red River Event Center, TCEDC reports
Traill County Economic Development Commission · February 17, 2026
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Summary
TCEDC reported Hillsboro Development Group received a $1 million, 10-year interest-free loan from the Rural Electric Cooperatives to support the Red River Event Center project.
Executive Director Jim Murphy told the Traill County EDC that Hillsboro Development Group received a $1 million, 10-year, interest-free loan from the Rural Electric Cooperatives to support the Red River Event Center.
Murphy described the loan as part of ongoing local project financing and included the detail to illustrate recent local investment activity; no further action by the commission was recorded at the Feb. 17 meeting.
