JSDC board approves Flex PACE interest buydown for i3G Media

John M. Steiner / The Jamestown Sun By Masaki Ova Today at 6:58 AM Listen Comments Share Share this article News Reporting News Reporting Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. The Trust Project What is this? JAMESTOWN — The Jamestown/Stutsman Development Corp. Board of Directors unanimously approved on Monday, Nov. 9, a Flex PACE interest buydown for about $54,000 that will directly finance i3G Media's asset purchase of Chesterman Communications. We are just waiting for the FCC approval to get this to the finish line. Tallie Colville, CEO, i3G Media i3G Media, headquartered in Valley City, North Dakota, is purchasing Chesterman Communications, which includes KSJB (600 AM), KSJZ (“Mix 93.3” FM) and translator K261FC (100.1 FM) and FCC licenses, transmitter facilities, real estate, station equipment and more, said Alyssa Looysen, director of business development for the Jamestown/Stutsman Development Corp. i3G Media also has markets in Jamestown, Fargo, Wahpeton, Carrington and Oakes. ADVERTISEMENT “We are just waiting for the FCC approval to get this to the finish line,” said Tallie Colville, CEO of i3G Media. If approved by the Jamestown City Council and Stutsman County Commission, the city’s share will be more than $43,100 while the county’s share is about $10,800. Reagan Ingstad Nemitz, president of programming for i3G Media, said keeping the Chesterman Communications stations local is important. She said purchasing Chesterman Communications also gives more opportunities for advertisers with a larger reach. “We're really excited to keep doing some of the local coverage that we do in Chesterman or keep the stations that Chesterman owns locally owned and not absorbed by a big corporation outside of this area,” said Robert “Jack” Ingstad, who handles operations with i3G Media. JSDC approves selling building The Jamestown/Stutsman Development Corp. Board of Directors unanimously approved allowing Goodrich Corp. to purchase the building that JSDC owns at 1805 13th St. NE in Jamestown that houses a Collins Aerospace plant. The building will be purchased for $400,000. The Jamestown/Stutsman Development Corp. began leasing the building to Goodrich Corp. in 2004, Looysen said. She said the lease has been extended six times. ADVERTISEMENT “The last extension agreement offered Goodrich the building for a purchase price of $400,000,” she said. “JSDC would like to honor that pricing of $400,000 to sell to the Goodrich Corp.” Corry Shevlin, CEO of the Jamestown/Stutsman Development Corp., said the JSDC purchased the building in the early 2000s from Dynamics Marketing. He said the land for the building is leased by the Jamestown Regional Airport Authority. Mayor Katie Hemmer said the land lease requires Jamestown Regional Airport Authority action for the purchase to be finalized. “We have to waive a right of first refusal from the Airport Authority board, pretty common that that would happen, so they'll take that action,” she said. “Then some action with the lease, either to assign the current lease directly to Goodrich as opposed to being to JSDC or to create a new lease with Goodrich.” MORE ON JAMESTOWN PUBLIC SCHOOLS Comments Share Share this article News Reporting News Reporting Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. The Trust Project What is this? Tags Tags JAMESTOWN PUBLIC SCHOOLS JAMESTOWN STUTSMAN COUNTY EDUCATION JAMESTOWN HIGH SCHOOL By Masaki Ova Masaki Ova joined The Jamestown Sun in August 2021 as a reporter. He grew up on a farm near Pingree, N.D. He majored in communications at the University of Jamestown, N.D. Facebook Listen to this article Conversation ADVERTISEMENT What To Read Next News Jamestown Sun highlights from the week of Nov. 2, 2026 3d ago · By Staff reports News Two Harvey, North Dakota, residents die in two-vehicle crash 5d ago · By Staff reports News Jamestown Sun highlights from the week of Oct. 26, 2026 Oct 31 · By Staff reports ADVERTISEMENT Get Local Must Reads Breaking News North Dakota 'Definitive agreement' signed, pushing forward Altru's plan to acquire Bismarck hospital and 2 others 5d ago · By Korrie Wenzel National Burgum, with millions invested in AI industry, leads charge allowing data centers on public lands 3d ago · By Mark Olalde / ProPublica Subscribers Only Prep Braden Hemminger finishes the year as the Jays top ground-gainer 3d ago · By Katie Ringer North Dakota Parents sue Enderlin School District over 2022 bus crash Nov 2 · By Matt Henson