Denver, Colo.-Intrepid Potash Inc. expects that a warehouse to replace one destroyed by a wind shear or tornado in 2006 at the East Carlsbad, N.M., site (GM May 1, 2006, p. 1) will be completed in 2009 at a cost of $26 million. As of March 31, 2008, Intrepid says it has received $21.1 million of insurance settlement payments. Additional insurance payments to reconstruct the warehousing facilities are still contingent upon review by the insurer.
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