SPEARFISH — PREMIER Bankcard, set to close its Spearfish facility in July, has offered to donate its building to the city once it vacates.
The credit card company recently sent a letter of intent to the city of Spearfish offering to donate the $2.9 million, approximately 50,000 square-foot building, including most of the furnishings inside the building.
“They're willing to donate that building to the city … to assist us in enticing somebody else into coming into that location,” Spearfish City Administrator Joe Neeb said.
The city council will discuss PREMIER's offer at the city council committee meeting Tuesday, and Neeb said that city officials along with the Spearfish Economic Development Corporation are already working on analyzing the cost of operating the building and the cost of preparing it for a future tenant.
Neeb said that there are a couple of “potential interests” for the building, but “nothing really definite to talk about at the moment,” adding that marketing plans for the building are targeting similar businesses for the space so there wouldn't be any re-training necessary.
“We've got a 50,000 square-foot building and 330 skilled workers (to offer to interested businesses),” he added.
Neeb said that it would probably take six months at minimum, once a potential tenant for the building is found, for the business to get “up and running” and start operating.
It was only three weeks ago from Thursday that the Spearfish facility's closure was announced, signaling the loss of 330 full- and part-time jobs in the area. Of those, 167 employees live in the city limits of Spearfish.
“The folks at PREMIER's willingness to donate that building is going to be a real plus,” Spearfish Mayor Jerry Krambeck, who is also an employee of PREMIER, added.