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Operators of Scheels Arena trying to cut deal with creditors to reverse slide toward insolvency

Published 05/24/2012, INFORUM

FARGO - The revenue that was supposed to make Scheels Arena profitable never came. The mountain of debt cobbled together in a last-minute financing deal barely budged. Now, the operators of the $25 million southwest Fargo facility are trying to hammer out a deal with their creditors to reverse the arena’s slide toward insolvency.

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