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Crown Iron Works breaks ground on global headquarters in Blaine BY SHANNON GRANHOLM EDITOR

BLAINE — Crown Iron Works broke ground on its $14 million global headquarters located at 9879 Naples St. NE in Blaine on Halloween. For the past 40 years or so, Crown

Iron Works has been located in Roseville. “We have outgrown the space. We have zero extra office space and our innovation center, our piloting capability, is much smaller than we would like it to be,” said Mike Hoerle, Crown’s vice president of Global Engineering. “We will more than triple our innovation space with

this buildout.” Blaine Economic Development Coordinator Erik Thorvig explained that the city first learned Crown was looking for a new location in April 2016 and around a year ago is when “they really started to look closely at SEE CROWN IRON WORKS, PAGE 9

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An architect’s rendering of the new Crown Iron Works global headquarters in Blaine.

City's bond rating increases, will save residents money BY SHANNON GRANHOLM EDITOR

Students offer a salute to Veterans Day

LINO LAKES — A bond rating increase might seem pretty mundane, but “it's kind of a big deal,” according to Mayor Jeff Reinert and other city staff. “This is kind of a big deal because it affects the rate that we get when we bond for projects, which saves our residents dollars,” Reinert said. The city was recently notified by S&P Global Ratings that its long-term rating increased to AA+, which is the second-highest a municipality can receive. Since 2010, the city has held the rating of AA. “I remember when I was elected to the City Council after the 1999 election, our bond rating was A-, which is sixth from the top. Over the years we moved up four spots, and then held for a number of years until now,” Reinert recalled. S&P Global Ratings has been in business for more than 150 years and is one of the world's leading providers in credit ratings. Other providers include Moody's and Fitch Ratings. In addition to a long-term rating of AA+, the city's general obligation bond rating went from AA to AA+ and its appropriation debt rating from AA- to AA. According to S&P's report, “The outlook is stable. We base the upgrade on the city's improved economic

A group of students salutes at the conclusion of a musical performance during an assembly in the cafeteria at Blue Heron Elementary School in recognition of Veterans Day. See more photos on page 10.

SEE CITY’S BOND, PAGE 11

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