Park Rapids writes off most of Wine Not? revolving loan

Park Rapids writes off most of Wine Not? revolving loan

The city of Park Rapids will eat most of the money it staked on the now-defunct Wine Not?. The city council on Tuesday, Feb. 24 authorized city officials to sign the satisfaction of mortgage for the former wine bar at 110 4th St. W. According to the resolution, the city had extended a revolving loan to then-business owner Karen Acker in 2021. However, the business failed, leaving the building vacant with an outstanding loan balance of $29,869. A…