Spiritwood, N.D. — CHS Inc. and the Stutsman County Commission have valued CHS’s proposed nitrogen plant for Spiritwood at $2.04 billion, according to the Jamestown Sun. The value for actual taxation is $1.33 billion. Some $701 million worth of machinery and equipment are not taxable in the county, according to the Sun. The valuations were a basis for CHS and the local entities to proceed for tax exemption discussions. Back when the plans for the plant were first floated (GM Sept. 17, 2012, p. 1), the cost was put between $1.1-$1.4 billion, but cost projections have steadily progressed to $1.5-$1.8 billion and now over $2 billion. As initially planned, the plant would produce ammonia, urea, and UAN. The local tax director informed the commission that the CHS board is expected to make a final decision on the plant in April or May. CHS had not responded to inquiries at press time.
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