At the annual Salute to Small Business event, keynote speaker Diane Cross, President and CEO of Fraser discussed the Lariat Lanes property on Penn Avenue, scheduled to close in May. She confirmed that Fraser has purchased the property which will be redeveloped into a medical facility and will ultimately be home to several medical organizations already serving Richfield. Plans are still in the works as Fraser’s current funding is tied up with two other projects in Woodbury and St. Cloud. Once the projects are complete, attention will shift to Richfield; they are committed to moving the project along quickly.