Steve Arveschoug

Recent Posts

With GE Capital’s departure, hunt is on for a new tenant

GE

The day after GE Capital announced what had long looked to be inevitable—that it would be closing down its Billings operations and laying off 60 people—Steve Arveschoug was working on what comes next. Arveschoug is the director of Big Sky Economic Development, the agency that built a 40,000-square-foot “Center of Excellence” for GE Capital in 2009. (more…) Continue Reading →

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PPL Montana puts coal plant property up for sale

Corette

A huge parcel of prime riverfront in Billings is being offered for sale, but there’s a hitch: the 74-acre property is currently occupied by PPL Montana’s coal-fired power plant. At least one party, the city of Billings, is already interested in the land, which sits between the Public Utilities Division’s water production plant, just upstream, and city-owned Coulson Park, just downstream of the power plant on the Yellowstone River. (more…) Continue Reading →

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Questions swirl around company touting new refinery

The company that is proposing to build five oil refineries in Montana and North Dakota — projects that would require funding of $2.5 billion — appears to have very few assets itself. Bloomberg was reporting as of Wednesday afternoon that Quantum Energy Inc.’s market capitalization — the number of outstanding shares times the value of a share — was about $3.8 million. (more…) Continue Reading →

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