LGBT Zipcodes -- A Closer Look -- Wyoming
By Jeff Adolph
Housing Developments
U.S. Energy Corp. (USE) has announced that the Gillette, Wyoming multi-family housing project that it began, shall have work resumed on it until completion. The project in one of Wyoming's gayest zip-codes is on budget and now presently ahead of schedule since the company has discontinued and other real estate development projects.
Four of the 24-plexes are complete and fully occupied and expected to be finished by the 30th of September this year. The complex is presently 95% committed for occupancy and is estimated to give the USE a US$240,000 a month return. The company is said to 'be exploring ways to monetize this investment before the end of 2008.'
The complex is estimated to be worth US$29 million when complete, and said to have cost less than US$26 million to build. At present the company has invested US$7 million into the project and are said to be pleased with the proposed investment return.
Main Story Source: CNNMoney.com (2008) U.S. Energy Corp. Provides Operations Update; available on-line at www.cnnmnoney.com
Picture Source: www.ctpenergy.com and www.mountianwestgroup.com
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