WATFORD CITY, N.D. - It has been more than a year, since a Bakken man camp developers were accused of conning investors out of $62 million in a Ponzi scheme. While the court case against the developers is still active, some people who did construction work for the developers are hoping to sell the property once the judge signs all the documents.
It was a facility that held the dreams of many and with a blink of an eye, it came to a crashing halt.
“I was really surprised that it closed down,” says Scotty Fain, real estate developer.
Almost a year and a half later, it’s a facility that has seen better days.
“It’s going to be extremely difficult to clean up. It’s going to be very expensive to clean up,” says Fain.
Fain is hoping to move the units from the Watford City Great American Lodge location to sites across the country. But first, Fain and his team must fix the modular units.
Thieves damaged entrances to the buildings and stole items like microwave, television and refrigerators. Jeff Hogsed is a real estate developer.
“Every one of these, it’s all gone,” says Hogsed.
“I couldn’t believe that there was no security here for the place. Of course, the power was turned off and there was no security systems running. We did an inventory and it was roughly $700,000 of vandalism and stuff that had been stolen,” says Fain.
County leaders are pleased with the progress.
“It’s in the best interest of anybody to have properties sitting empty. It’s not good for the owner, it’s not good community, and visually it’s not good,” says Gene Veeder, McKenzie County Economic Development Director.
These two men are among many who didn’t get paid for their work. They hope with these modular units, they can recoup the money they lost. More than 150 people lived at the Watford City Great American Lodge last year before it was forced to close down.