Negotiations have fallen flat regarding funding for the relocation of the 29-year-old Romiad building, and the two-story building will now most likely be torn down as soon as next week.
Talks between the Petersburg Economic Development Council (PEDC) and local business-owner Pete Litsheim, who had asked for a loan of $210,000 to move the building from its current location near the corner of 2nd and Haugen to an empty lot next to Scandia House on N. Nordic Drive, have stalled do to a disagreement over collateral and other contractual obligations.
Last winter Litsheim responded to the Petersburg...
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